Southern Multifoods, Inc.401(k)
SOUTHERN MULTIFOODS, INC. AND AFFILIATES 401(K) PLAN · JACKSONVILLE, TX · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Southern Multifoods, Inc. reported $9,691 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $448 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 0.10% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 2,708th-largest of 5,688 plans among Texas employers on file, and the 471st of 2,240 in accommodation & food services. In 2024, employees put in $1.76 for every $1.00 the employer contributed; active participation has grown from 809 to 969 since 2022.
Southern Multifoods, Inc.'s 2024 employer contribution ran below the $2,416 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.
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 751519090 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.