Southern Wesleyan University403(b)
SOUTHERN WESLEYAN UNIVERSITY DC PLAN · CENTRAL, SC · plan year 2023
Southern Wesleyan University's 2023 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 $24,042,968 across 459 participant accounts, with employer contributions averaging $1,290 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other educational services employers. By assets it is the 228th-largest of 807 plans among South Carolina employers on file, and the 1,449th of 3,091 in educational services. In 2023, employees put in $1.02 for every $1.00 the employer contributed.
Southern Wesleyan University's 2023 employer contribution ran below the $2,440 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 570324936 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.