Plan Ledger DOL Form 5500 · updated monthly

Southern Hens, Inc.401(k)

SOUTHERN HENS COMPANY EMPLOYEE SAVINGS & RETIREMENT PLAN · MOSELLE, MS · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Southern Hens, Inc. reported $40,302 in plan administrative expenses for 2024: 0.63% of average plan assets, above the peer median. Employer contributions averaged $1,278 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 0.83% to 0.63%. 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 among the smaller plans on file in Mississippi (211th of 367), and 10,273rd of 13,661 in manufacturing. In 2024, employees put in $1.89 for every $1.00 the employer contributed; active participation has shrunk from 269 to 226 since 2022.

Plan summary
Net assets, end of year$6,819,536
Participants with balances417
Active participants226
Employer contributions$288,856
Employee contributions$544,649
Employer contribution per active participant$1,278
Average account balance$16,354
Benefits paid to participants$696,251
Plan auditUnmodified (clean) audit opinion
AuditorCHANCE, GAY, & CIEGLO, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.8M · 417 accts · $289K emplr
2023$5.9M · 383 accts · $141K emplr
2022$5.0M · 451 accts · $292K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,575
Investment management$29,727
Total administrative$40,302
The Southern Hens, Inc. 401(k) match · 2024
Employer contribution per active participant$1,278
Median for plans this size$1,313
2024$1,278 per active participant
2023$550 per active participant
2022$1,084 per active participant

Southern Hens, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. 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
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$10,615
PINNACLE WEALTH LLC · Investment advisory (plan)$29,727

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$40,302 · 0.63%
2023$42,923 · 0.78%
2022$42,263 · 0.83%
Same employer
Similar plansManufacturing · Mississippi
Southern Motion, Inc. MS$7.5M · 1.04%
Whitmor, Inc. MS$7.4M · 0.60%
Atlas-Ssi, Inc. MS$7.1M · 0.65%
Diversity-Vuteq, LLC MS$6.7M · 0.57%
New Wood Resources, LLC MS$6.7M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640778821 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.