Plan Ledger DOL Form 5500 · updated monthly

Southland International Trucks, Inc.,401(k)

SOUTHLAND 401(K) PLAN · BIRMINGHAM, AL · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Southland International Trucks, Inc., reported $45,623 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $422 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 0.67% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 427th-largest of 902 plans among Alabama employers on file, and the 2,347th of 5,215 in retail trade. In 2024, employees put in $8.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,546,816
Participants with balances171
Active participants237
Employer contributions$100,000
Employee contributions$806,272
Employer contribution per active participant$422
Average account balance$67,525
Benefits paid to participants$2,094,230
Plan auditUnmodified (clean) audit opinion
AuditorT.E.LOTT
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 171 accts · $100K emplr
2023$11.5M · 170 accts · $117K emplr
2022$9.9M · 175 accts · $150K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,489
Investment management$22,134
Total administrative$45,623
The Southland International Trucks, Inc., 401(k) match · 2024
Employer contribution per active participant$422
Median for plans this size$2,416
2024$422 per active participant
2023$541 per active participant
2022$667 per active participant

Southland International Trucks, Inc.,'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 · 20242
NEWPORT GROUP, INC. · Loan processing · Recordkeeping$23,489
WELLS FARGO ADVISORS. · Investment advisory (plan)$22,134

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$45,623 · 0.40%
2023$76,895 · 0.72%
2022$70,275 · 0.67%
Similar plansRetail Trade · Alabama
Jackmax Automotive, Inc. AL$12.9M · 0.17%
Gulf Coast Motor Sales Inc. AL$10.4M · 0.03%
Cqm of Amenia LLC AL$10.3M · 0.04%
International Wines, Inc AL$9.6M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630832185 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.