Plan Ledger DOL Form 5500 · updated monthly

Sl America Corporation401(k)

SL AMERICA 401(K) RETIREMENT PLAN · CLINTON, TN · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Sl America Corporation reported $36,123 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $472 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 0.19% to 0.14%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 445th-largest of 1,496 plans among Tennessee employers on file, and the 4,787th of 13,661 in manufacturing. In 2024, employees put in $2.72 for every $1.00 the employer contributed; active participation has grown from 1,983 to 2,596 since 2022.

Plan summary
Net assets, end of year$27,567,285
Participants with balances784
Active participants2,596
Employer contributions$1,224,537
Employee contributions$3,336,332
Employer contribution per active participant$472
Average account balance$35,162
Benefits paid to participants$3,050,844
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$27.6M · 784 accts · $1.2M emplr
2023$22.9M · 635 accts · $1.1M emplr
2022$16.8M · 571 accts · $875K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,589
Investment management$15,524
Total administrative$36,123
The Sl America Corporation 401(k) match · 2024
Employer contribution per active participant$472
Median for plans this size$2,416
2024$472 per active participant
2023$517 per active participant
2022$441 per active participant

Sl America Corporation's 2024 employer contribution ran below the $2,416 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$20,589
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$15,524

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$36,123 · 0.14%
2023$32,118 · 0.16%
2022$33,994 · 0.19%
Similar plansManufacturing · Tennessee
Envision Aesc US, LLC TN$29.9M · 0.16%
Sumiriko Tennessee, Inc. TN$29.8M · 0.05%
Red Collar Pet Foods, Inc. TN$29.3M · 0.31%
Bath Fitter Tennessee, Inc. TN$27.4M · 0.66%
Crown Laboratories,Inc. TN$27.1M · 0.12%
True Temper Sports, Inc. TN$26.4M · 0.27%
The Coats Company, LLC TN$25.8M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621835608 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.