Plan Ledger DOL Form 5500 · updated monthly

Southland Container Corp.401(k)

SOUTHLAND CONTAINER CORPORATION D/B/A CONCEPT PACKAGING GROUP 401(K) · SPARTANBURG, SC · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Southland Container Corp. reported $60,402 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $866 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 0.39% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 284th-largest of 807 plans among South Carolina employers on file, and the 6,211th of 13,661 in manufacturing. In 2024, employees put in $3.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,570,919
Participants with balances307
Active participants320
Employer contributions$277,216
Employee contributions$1,058,463
Employer contribution per active participant$866
Average account balance$60,492
Benefits paid to participants$766,568
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.6M · 307 accts · $277K emplr
2023$16.1M · 308 accts · $267K emplr
2022$13.4M · 312 accts · $251K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,402
Total administrative$60,402
The Southland Container Corp. 401(k) match · 2024
Employer contribution per active participant$866
Median for plans this size$2,416
2024$866 per active participant
2023$839 per active participant
2022$829 per active participant

Southland Container Corp.'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.

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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$60,402
BROWN & BROWN OF S C INC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$60,402 · 0.35%
2023$59,461 · 0.40%
2022$57,521 · 0.39%
Same employer
Similar plansManufacturing · South Carolina
Thorne Research, Inc. SC$20.3M · 0.88%
McCall Farms, Inc. SC$20.1M · 0.67%
Creform Corporation SC$19.8M · 0.22%
3V Sigma USA Inc. SC$17.6M · 0.37%
Marcone Group SC$17.5M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570743504 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.