Plan Ledger DOL Form 5500 · updated monthly

Southern Mississippi Planning and Development DistrictMoney purchase plan

SOUTHERN MISSISSIPPI PLANNING AND DEVELOPMENT DISTRICT DEFINED CONTRIBUTION PENSION PLAN · GULFPORT, MS · plan year 2025

Reported admin expense ratio · 2025
0.04%

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

Southern Mississippi Planning and Development District reported $4,643 in plan administrative expenses for 2025: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,929 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 rose from 0.02% to 0.04%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other other services employers. By assets it is the 139th-largest of 367 plans among Mississippi employers on file, and the 1,411th of 3,341 in other services. active participation has grown from 147 to 164 since 2022.

Plan summary
Net assets, end of year$12,944,533
Participants with balances245
Active participants164
Employer contributions$972,430
Employee contributions—
Employer contribution per active participant$5,929
Average account balance$52,835
Benefits paid to participants$606,881
Plan auditUnmodified (clean) audit opinion
AuditorTMH
Plan history4
Yearassets · accounts · employer contribution
2025$12.9M · 245 accts · $972K emplr
2024$11.3M · 238 accts · $881K emplr
2023$10.2M · 216 accts · $821K emplr
2022$8.6M · 210 accts · $779K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$4,643
Total administrative$4,643
Employer contributions to the Southern Mississippi Planning and Development District plan · 2025
Employer contribution per active participant$5,929
Median for plans this size$2,666
2025$5,929 per active participant
2024$5,576 per active participant
2023$5,740 per active participant
2022$5,298 per active participant

Southern Mississippi Planning and Development District's 2025 employer contribution ran above the $2,666 median for plans its size, placing it in the top 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20251
VARIABLE ANNUITY LIFE INSURANCE CO · Custodial (securities) · Investment advisory (participants)$4,643

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

Administrative cost history4
2025$4,643 · 0.04%
2024$3,332 · 0.03%
2023$1,966 · 0.02%
2022$1,406 · 0.02%
All plans at this employer2
SOUTHERN MISSISSIPPI PLANNING AND DEVELOPMENT DISTRICT DEFINED CONTRIBUTION PENSION PLANMoney purchase plan
SOUTHERN MISSISSIPPI PLANNING AND DEVELOPMENT DISTRICT 403(B) PLAN403(b)
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 640441554 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.