Plan Ledger DOL Form 5500 · updated monthly

Southern Beverage Company, Inc.401(k)

SOUTHERN BEVERAGE COMPANY, INC. 401(K) PLAN · RIDGELAND, MS · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Southern Beverage Company, Inc. reported $39,185 in plan administrative expenses for 2024: 0.40% of average plan assets, below the peer median. Employer contributions averaged $225 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 0.36% to 0.40%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is the 174th-largest of 367 plans among Mississippi employers on file, and 8,825th of 13,661 in manufacturing. In 2024, employees put in $5.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,913,379
Participants with balances133
Active participants248
Employer contributions$55,891
Employee contributions$286,764
Employer contribution per active participant$225
Average account balance$74,537
Benefits paid to participants$681,077
Plan auditUnmodified (clean) audit opinion
AuditorWATKINS WARD AND STAFFORD PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 133 accts · $56K emplr
2023$9.5M · 140 accts · $57K emplr
2022$8.6M · 147 accts · $63K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,185
Total administrative$39,185
The Southern Beverage Company, Inc. 401(k) match · 2024
Employer contribution per active participant$225
Median for plans this size$1,313
2024$225 per active participant
2023$247 per active participant
2022$271 per active participant

Southern Beverage Company, Inc.'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.

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
GUARANTY PRIVATE WEALTH LLC · Investment advisory (participants) · Investment advisory (plan)$33,857

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

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

Administrative cost history3
2024$39,185 · 0.40%
2023$35,184 · 0.39%
2022$33,346 · 0.36%
Same employer
Similar plansManufacturing · Mississippi
Homestretch, Inc. MS$11.0M · 0.14%
Glenn Machine Works, Inc. MS$10.4M · 0.91%
Columbia Industries, LLC MS$9.1M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640289796 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.