Southeastern Psychiatric Management401(k)
SPM QUALIFIED 401(K) PLAN · GADSDEN, AL · plan year 2024
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Southeastern Psychiatric Management reported $23,965 in plan administrative expenses for 2024: 0.96% of average plan assets, higher than ~75% of peers. Employer contributions averaged $159 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 3 years on file its reported administrative ratio fell from 1.11% to 0.96%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Alabama (751st of 902), and 9,453rd of 11,911 in health care & social assistance. In 2024, employees put in $4.98 for every $1.00 the employer contributed; active participation has grown from 151 to 213 since 2021.
Southeastern Psychiatric Management's 2024 employer contribution ran below the $1,313 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 631050236 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.