Plan Ledger DOL Form 5500 · updated monthly

Southern States Cooperative, Inc.401(k)

SOUTHERN STATES RETIREMENT SAVINGS PLAN · RICHMOND, VA · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Southern States Cooperative, Inc. reported $479,773 in plan administrative expenses for 2024: 0.21% of average plan assets, above the peer median. Employer contributions averaged $2,123 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 rose from 0.05% to 0.21%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 145th-largest of 2,266 plans among Virginia employers on file, and the 215th of 4,246 in wholesale trade. In 2024, employees put in $1.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$226,611,054
Participants with balances2,464
Active participants1,609
Employer contributions$3,415,294
Employee contributions$5,581,447
Employer contribution per active participant$2,123
Average account balance$91,969
Benefits paid to participants$30,988,535
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$226.6M · 2,464 accts · $3.4M emplr
2023$222.1M · 2,598 accts · $3.4M emplr
2022$211.6M · 2,814 accts · $2.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$210,249
Audit (IQPA)$22,350
Total administrative$479,773
The Southern States Cooperative, Inc. 401(k) match · 2024
Employer contribution per active participant$2,123
Median for plans this size$3,635
2024$2,123 per active participant
2023$2,208 per active participant
2022$1,691 per active participant

Southern States Cooperative, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20244
MERCER INVESTMENTS LLC · Investment advisory (plan) · Investment management$217,509
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$210,249
FORVIS MAZARS, LLP · Accounting / audit$45,650
HIRSCHLER FLEISCHER · Legal$6,365

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

Administrative cost history3
2024$479,773 · 0.21%
2023$250,272 · 0.12%
2022$114,935 · 0.05%
Same employer
Similar plansWholesale Trade · Virginia
Thales USA, Inc. VA$1.6B · 0.05%
Owens & Minor, Inc. VA$993.5M · 0.15%
Jre Holdings, Inc. VA$181.7M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540387200 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.