Plan Ledger DOL Form 5500 · updated monthly

Southland Industries401(k)

SOUTHLAND INDUSTRIES EMPLOYEES' 401K PLAN · GARDEN GROVE, CA · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Southland Industries reported $438,866 in plan administrative expenses for 2024: 0.23% of average plan assets, above the peer median. Employer contributions averaged $6,440 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 0.20% to 0.23%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 550th-largest of 9,483 plans among California employers on file, and the 325th of 5,337 in construction. In 2024, employees put in $2.00 for every $1.00 the employer contributed; active participation has grown from 847 to 1,096 since 2022.

Plan summary
Net assets, end of year$211,751,232
Participants with balances1,328
Active participants1,096
Employer contributions$7,058,140
Employee contributions$14,113,248
Employer contribution per active participant$6,440
Average account balance$159,451
Benefits paid to participants$14,305,275
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$211.8M · 1,328 accts · $7.1M emplr
2023$177.3M · 1,163 accts · $6.0M emplr
2022$141.3M · 1,086 accts · $5.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,961
Investment management$372,905
Total administrative$438,866
The Southland Industries 401(k) match · 2024
Employer contribution per active participant$6,440
Median for plans this size$3,635
2024$6,440 per active participant
2023$6,500 per active participant
2022$6,140 per active participant

Southland Industries's 2024 employer contribution ran above 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 · 20245
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$312,003
FISHER INVESTMENTS · Investment advisory (participants)$16,553
KENDALL CAPITAL MANAGEMENT · Investment advisory (participants)$13,005
LMCG INVESTMENTS LLC · Investment advisory (participants)$10,405
CHARLES SCHWAB & CO., INC · Securities brokerage$2,228

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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Administrative cost history3
2024$438,866 · 0.23%
2023$330,796 · 0.21%
2022$298,070 · 0.20%
Same employer
Similar plansConstruction · California
Teichert, Inc. CA$236.4M · 0.06%
Legence Holdings LLC CA$216.8M · 0.02%
Prs Holdings, Inc. CA$193.1M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 951596533 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.