Plan Ledger DOL Form 5500 · updated monthly

South Plains Community Action Association, Inc.401(k)

SOUTH PLAINS COMMUNITY ACTION ASSOCIATION, INC. 401(K) PLAN · LEVELLAND, TX · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

South Plains Community Action Association, Inc. reported $76,040 in plan administrative expenses for 2024: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,103 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 0.31% to 0.58%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 2,635th-largest of 5,688 plans among Texas employers on file, and the 4,868th of 11,911 in health care & social assistance. In 2024, employees put in $1.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,219,834
Participants with balances374
Active participants581
Employer contributions$640,846
Employee contributions$730,656
Employer contribution per active participant$1,103
Average account balance$35,347
Benefits paid to participants$1,931,672
Plan auditUnmodified (clean) audit opinion
AuditorRBMS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$13.2M · 374 accts · $641K emplr
2023$13.1M · 389 accts · $629K emplr
2022$11.0M · 606 accts · $690K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,651
Investment management$32,389
Total administrative$76,040
The South Plains Community Action Association, Inc. 401(k) match · 2024
Employer contribution per active participant$1,103
Median for plans this size$2,416
2024$1,103 per active participant
2023$917 per active participant
2022$1,138 per active participant

South Plains Community Action Association, Inc.'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
JOHN HANCOCK · Recordkeeping · Investment advisory (participants)$43,802
MMA SECURITIES · Investment advisory (plan)$32,238

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$76,040 · 0.58%
2023$59,026 · 0.49%
2022$33,917 · 0.31%
Same employer
Similar plansHealth Care & Social Assistance · Texas
Lifenet, Inc. TX$13.3M · 0.11%
Hospice of East Texas TX$13.1M · 0.84%
Austin Retina Associates TX$13.0M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751230219 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.