Plan Ledger DOL Form 5500 · updated monthly

Southport Forest Products, LLC401(k)

SOUTHPORT FOREST PRODUCTS 401(K) PLAN · COOS BAY, OR · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Southport Forest Products, LLC reported $7,513 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,538 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 0.02% to 0.09%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Oregon (569th of 1,021), and 8,992nd of 13,661 in manufacturing. In 2024, employees put in $1.87 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,558,606
Participants with balances155
Active participants161
Employer contributions$408,546
Employee contributions$761,989
Employer contribution per active participant$2,538
Average account balance$61,668
Benefits paid to participants$293,646
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.6M · 155 accts · $409K emplr
2023$7.7M · 148 accts · $370K emplr
2022$6.4M · 140 accts · $352K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,713
Total administrative$7,513
The Southport Forest Products, LLC 401(k) match · 2024
Employer contribution per active participant$2,538
Median for plans this size$1,313
2024$2,538 per active participant
2023$2,356 per active participant
2022$2,316 per active participant

Southport Forest Products, LLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20241
PENSION PLAN SPECIALISTS, PC · Accounting / audit · Pension consulting$5,864

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$7,513 · 0.09%
2023$1,040 · 0.01%
2022$1,490 · 0.02%
Same employer
Similar plansManufacturing · Oregon
Toyo Tanso USA, Inc. OR$10.2M · 0.68%
Met One Instruments, Inc. OR$9.7M · 0.36%
Van's Aircraft, Inc. OR$9.4M · 0.19%
Scenic Fruit Company OR$9.2M · 0.51%
Bullseye Glass Co. OR$9.0M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 931246313 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.