Plan Ledger DOL Form 5500 · updated monthly

South 49 Holdings, LTD.401(k)

SOUTH 49 HOLDINGS LTD. 401(K) PLAN · TUPMAN, CA · plan year 2024

Reported admin expense ratio · 2024
0.84%

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

South 49 Holdings, LTD. reported $102,922 in plan administrative expenses for 2024: 0.84% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,318 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 0.88% to 0.84%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other utilities employers. By assets it is the 4,736th-largest of 9,483 plans among California employers on file, and 298th of 412 in utilities. In 2024, employees put in $1.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,101,674
Participants with balances142
Active participants132
Employer contributions$569,936
Employee contributions$877,025
Employer contribution per active participant$4,318
Average account balance$92,265
Benefits paid to participants$875,684
Plan auditUnmodified (clean) audit opinion
AuditorYULISHANA, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$13.1M · 142 accts · $570K emplr
2023$11.5M · 138 accts · $563K emplr
2022$10.6M · 159 accts · $593K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$102,922
Total administrative$102,922
The South 49 Holdings, LTD. 401(k) match · 2024
Employer contribution per active participant$4,318
Median for plans this size$2,416
2024$4,318 per active participant
2023$4,268 per active participant
2022$4,456 per active participant

South 49 Holdings, LTD.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$102,051
PROFESSIONAL BENEFIT SERVICES, INC · Contract administrator · Other services$7,219
AMERIPRISE FINANCIAL SERVICES, INC. · Other servicesindirect comp
YULISHANA, INC. · Accounting / auditindirect comp

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$102,922 · 0.84%
2023$102,625 · 0.93%
2022$97,183 · 0.88%
Same employer
Similar plansUtilities · California
Tesco Controls, LLC CA$14.0M · 0.04%
CLEANWATER1, Inc. CA$12.2M · 0.31%
Esjoule, LLC CA$8.5M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 352633428 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.