Plan Ledger DOL Form 5500 · updated monthly

Southside Christian School401(k)

SOUTHSIDE CHRISTIAN SCHOOL 401(K) RETIREMENT PLAN · SIMPSONVILLE, SC · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Southside Christian School reported $25,119 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $1,595 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 0.28% to 0.21%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 372nd-largest of 807 plans among South Carolina employers on file, and 1,922nd of 3,091 in educational services. In 2024, employees put in $1.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,846,382
Participants with balances235
Active participants276
Employer contributions$440,295
Employee contributions$530,033
Employer contribution per active participant$1,595
Average account balance$54,665
Benefits paid to participants$365,049
Plan auditUnmodified (clean) audit opinion
AuditorMARTIN SMITH AND COMPANY CPAS PA
Plan history3
Yearassets · accounts · employer contribution
2024$12.8M · 235 accts · $440K emplr
2023$11.0M · 218 accts · $392K emplr
2022$9.3M · 207 accts · $353K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,119
Total administrative$25,119
The Southside Christian School 401(k) match · 2024
Employer contribution per active participant$1,595
Median for plans this size$2,416
2024$1,595 per active participant
2023$1,484 per active participant
2022$1,323 per active participant

Southside Christian School's 2024 employer contribution ran below the $2,416 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.

Administrative cost history3
2024$25,119 · 0.21%
2023$25,956 · 0.26%
2022$26,292 · 0.28%
Same employer
Similar plansEducational Services · South Carolina
Hammond School SC$15.8M · 0.00%
Meeting Street Schools SC$9.7M · 0.97%

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Source: U.S. Department of Labor, Form 5500 series, EIN 743095222 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.