Plan Ledger DOL Form 5500 · updated monthly

Southerland, Inc.401(k)

SOUTHERLAND, INC. PROFIT SHARING PLAN · ANTIOCH, TN · plan year 2024

Reported admin expense ratio · 2024
0.79%

Southerland, Inc. reported $20,988 in plan administrative expenses for 2024: 0.79% of average plan assets, above the peer median. 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 0.79%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Tennessee (1,243rd of 1,496), and 1,979th of 2,677 in transportation & warehousing.

Plan summary
Net assets, end of year$2,754,866
Participants with balances101
Active participants218
Employer contributions—
Employee contributions$183,611
Employer contribution per active participant—
Average account balance$27,276
Benefits paid to participants$209,024
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$0
2024$2.8M · 101 accts
2023$2.5M · 101 accts
2022$2.2M · 110 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,338
Total administrative$20,988
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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$20,987

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

Administrative cost history4
2025Not separately reported
2024$20,988 · 0.79%
2023$20,131 · 0.84%
2022$22,061 · 0.85%
Same employer
Similar plansTransportation & Warehousing · Tennessee
Empire Express, Inc. TN$4.7M · 0.42%
Mid South Transport , Inc TN$3.0M · 0.06%
Wilson Air Center LLC TN$2.5M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620190550 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.