Southern Mail Service, Inc.Profit-sharing plan
SOUTHERN MAIL SERVICE, INC. RETIREMENT PLAN · CONROE, TX · plan year 2024
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Southern Mail Service, Inc. reported $262,624 in plan administrative expenses for 2024: 2.39% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,999 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 2.16% to 1.72%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Texas (2,899th of 5,688), and the 1,082nd of 2,677 in transportation & warehousing. In 2024, the employer put in $3.36 for every $1.00 employees contributed themselves; active participation has shrunk from 762 to 655 since 2022.
Southern Mail Service, Inc.'s 2024 employer contribution ran above the $2,416 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 751482649 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.