Plan Ledger DOL Form 5500 · updated monthly

Southern Champion Tray, L P401(k)

SOUTHERN CHAMPION TRAY LP, 401K SAVINGS AND RETIREMENT PLAN · CHATTANOOGA, TN · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Southern Champion Tray, L P reported $206,616 in plan administrative expenses for 2024: 0.40% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,706 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 rose from 0.20% to 0.40%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 265th-largest of 1,496 plans among Tennessee employers on file, and the 2,926th of 13,661 in manufacturing. In 2024, employees put in $2.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$55,403,612
Participants with balances1,192
Active participants898
Employer contributions$1,531,982
Employee contributions$3,534,136
Employer contribution per active participant$1,706
Average account balance$46,480
Benefits paid to participants$5,970,110
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$55.4M · 1,192 accts · $1.5M emplr
2023$49.1M · 1,437 accts · $1.5M emplr
2022$42.1M · 1,326 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$123,661
Investment management$64,873
Total administrative$206,616
The Southern Champion Tray, L P 401(k) match · 2024
Employer contribution per active participant$1,706
Median for plans this size$3,635
2024$1,706 per active participant
2023$1,660 per active participant
2022$1,668 per active participant

Southern Champion Tray, L P's 2024 employer contribution ran below the $3,635 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 · 20245
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$61,916
CADARET GRANT & CO INC$13,260
RPA FINANCIAL LLC$4,822
EMPOWER ADVISORY GROUP, LLC · Investment management$2,957

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

Administrative cost history3
2024$206,616 · 0.40%
2023$80,827 · 0.18%
2022$90,680 · 0.20%
Similar plansManufacturing · Tennessee
Bush Brothers & Company TN$66.3M · 0.23%
Nuclear Fuel Services, Inc. TN$65.5M · 0.06%
Miller Industries, Inc. TN$63.1M · 0.37%
Kasai North America, Inc. TN$55.7M · 0.79%
Steel Connect, Inc. TN$54.3M · 0.02%
Gibson Brands, Inc. TN$53.5M · 0.25%
Ideal Clamp Products, Inc. TN$50.3M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620452437 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.