Plan Ledger DOL Form 5500 · updated monthly

Southland Insulators, Inc.401(k)

SOUTHLAND INSULATORS, INC. 401(K) PLAN · MANASSAS, VA · plan year 2022

Reported admin expense ratio · 2022
0.59%

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

Southland Insulators, Inc. reported $29,599 in plan administrative expenses for 2022: 0.59% of average plan assets, above the peer median. Employer contributions averaged $1,084 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Virginia (1,860th of 2,266), and 4,066th of 5,337 in construction. In 2022, employees put in $2.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,716,873
Participants with balances31
Active participants117
Employer contributions$126,871
Employee contributions$311,920
Employer contribution per active participant$1,084
Average account balance$152,157
Benefits paid to participants$355,227
Plan auditUnmodified (clean) audit opinion
AuditorHEIMLANTZ CPAS & ADVISORS
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$3,732
Investment management$25,867
Total administrative$29,599
The Southland Insulators, Inc. 401(k) match · 2022
Employer contribution per active participant$1,084
Median for plans this size$1,114

Southland Insulators, Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$29,599 · 0.59%
Similar plansConstruction · Virginia
N&S Construction Inc VA$5.3M · 0.16%
Rcd, Inc. VA$4.7M · 0.60%
Power Mechanical, Inc. VA$4.7M · 0.88%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 541375953 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.