Plan Ledger DOL Form 5500 · updated monthly

Mississippi Management, Inc.401(k)

MISSISSIPPI MANAGEMENT, INC. 401(K) RETIREMENT AND SAVINGS PLAN · FLOWOOD, MS · plan year 2024

Reported admin expense ratio · 2024
0.29%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Mississippi Management, Inc. reported $21,337 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $107 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.32% to 0.29%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Mississippi (197th of 367), and the 683rd of 2,240 in accommodation & food services. In 2024, employees put in $2.94 for every $1.00 the employer contributed; active participation has grown from 647 to 1,482 since 2022.

Plan summary
Net assets, end of year$7,798,103
Participants with balances194
Active participants1,482
Employer contributions$158,014
Employee contributions$464,334
Employer contribution per active participant$107
Average account balance$40,196
Benefits paid to participants$697,334
Plan auditUnmodified (clean) audit opinion
AuditorMATTHEWS CUTRER & LINDSAY
Plan history3
Yearassets · accounts · employer contribution
2024$7.8M · 194 accts · $158K emplr
2023$6.9M · 157 accts · $45K emplr
2022$6.2M · 141 accts · $40K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,053
Investment management$12,284
Total administrative$21,337
The Mississippi Management, Inc. 401(k) match · 2024
Employer contribution per active participant$107
Median for plans this size$1,313
2024$107 per active participant
2023$42 per active participant
2022$63 per active participant

Mississippi Management, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$21,490

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$21,337 · 0.29%
2023$19,341 · 0.30%
2022$25,591 · 0.32%
Same employer
Similar plansAccommodation & Food Services · Mississippi
New Palace Casino, LLC MS$19.4M · 0.47%
Rpm Pizza, LLC MS$16.1M · 0.16%
Retzer Resources, Inc. MS$4.4M · 2.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640434090 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.