Southern Services, Inc.ESOP
SOUTHERN SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN · CLUTE, TX · plan year 2022
Southern Services, Inc.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $3,470,611 across 138 participant accounts, with employer contributions averaging $14,169 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Texas (4,450th of 5,688), and 2,562nd of 3,341 in other services.
Southern Services, Inc.'s 2022 employer contribution ran above the $1,114 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.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 760124990 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.