Plan Ledger DOL Form 5500 · updated monthly

Southwest Business Corporation401(k)

SOUTHWEST BUSINESS CORPORATION 401(K) PROFIT SHARING PLAN · SAN ANTONIO, TX · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Southwest Business Corporation reported $296,378 in plan administrative expenses for 2024: 0.11% of average plan assets, above the peer median. Employer contributions averaged $2,309 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 3 years on file its reported administrative ratio has held roughly steady near 0.11%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 313th-largest of 5,688 plans among Texas employers on file, and the 472nd of 4,798 in finance & insurance. In 2024, employees put in $3.16 for every $1.00 the employer contributed; active participation has shrunk from 2,329 to 2,025 since 2022.

Plan summary
Net assets, end of year$274,973,168
Participants with balances2,624
Active participants2,025
Employer contributions$4,675,691
Employee contributions$14,787,515
Employer contribution per active participant$2,309
Average account balance$104,792
Benefits paid to participants$36,527,023
Plan auditUnmodified (clean) audit opinion
AuditorBDO USA LLP
Plan history3
Yearassets · accounts · employer contribution
2024$275.0M · 2,624 accts · $4.7M emplr
2023$253.4M · 2,811 accts · $4.7M emplr
2022$213.8M · 2,921 accts · $5.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$266,978
Audit (IQPA)$29,400
Total administrative$296,378
The Southwest Business Corporation 401(k) match · 2024
Employer contribution per active participant$2,309
Median for plans this size$4,294
2024$2,309 per active participant
2023$2,115 per active participant
2022$2,172 per active participant

Southwest Business Corporation's 2024 employer contribution ran below the $4,294 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
JOHN HANCOCK · Recordkeeping · Loan processing$266,978
RSMUS LLP · Accounting / audit$29,400

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$296,378 · 0.11%
2023$329,088 · 0.14%
2022$279,954 · 0.12%
Same employer
Similar plansFinance & Insurance · Texas
Orix Corporation USA TX$315.2M · 0.01%
Integrity Marketing Group TX$268.9M · 0.22%
Situsamc Holdings Corp. TX$260.4M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751553739 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.