Plan Ledger DOL Form 5500 · updated monthly

Southeastern Printing Company, Inc.401(k)

SOUTHEASTERN PRINTING COMPANY, INC. 401(K) RETIREMENT PLAN · HIALEAH, FL · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Southeastern Printing Company, Inc. reported $60,431 in plan administrative expenses for 2024: 0.69% of average plan assets, above the peer median. Employer contributions averaged $2,547 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 0.85% to 0.69%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Florida (1,911th of 3,644), and the 1,080th of 2,534 in administrative & support services. In 2024, employees put in $1.95 for every $1.00 the employer contributed; active participation has shrunk from 146 to 130 since 2022.

Plan summary
Net assets, end of year$8,859,301
Participants with balances157
Active participants130
Employer contributions$331,087
Employee contributions$645,784
Employer contribution per active participant$2,547
Average account balance$56,429
Benefits paid to participants$1,616,692
Plan auditUnmodified (clean) audit opinion
AuditorDEJOY AND CO. CPAS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.9M · 157 accts · $331K emplr
2023$8.6M · 185 accts · $314K emplr
2022$7.1M · 182 accts · $426K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,389
Investment management$39,042
Total administrative$60,431
The Southeastern Printing Company, Inc. 401(k) match · 2024
Employer contribution per active participant$2,547
Median for plans this size$1,313
2024$2,547 per active participant
2023$2,193 per active participant
2022$2,919 per active participant

Southeastern Printing Company, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20242
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$21,389
HBK SORCE FINANCIAL, LLC · Investment advisory (participants) · Investment advisory (plan)$39,042

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$60,431 · 0.69%
2023$61,424 · 0.78%
2022$62,871 · 0.85%
Same employer
Similar plansAdministrative & Support Services · Florida
The Results Companies LLC FL$9.2M · 1.09%
Cliff Berry, Inc. FL$9.0M · 0.27%
Jmgt, LLC FL$8.5M · 0.55%
Inktel Holdings, LLC FL$8.3M · 0.41%
Ameri-Force, Inc. FL$8.3M · 0.71%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 650717119 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.