Plan Ledger DOL Form 5500 · updated monthly

Southwest Georgia Community Action Council, Inc.401(k)

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF SOUTHWEST GEORGIA COMMUNITY ACTION COUNCIL, INC. · MOULTRIE, GA · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

Southwest Georgia Community Action Council, Inc. reported $23,116 in plan administrative expenses for 2024: 0.62% of average plan assets, above the peer median. Employer contributions averaged $540 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 0.07% to 0.62%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Georgia (1,715th of 2,160), and 8,497th of 11,911 in health care & social assistance. In 2024, employees put in $1.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,078,161
Participants with balances226
Active participants473
Employer contributions$255,284
Employee contributions$326,264
Employer contribution per active participant$540
Average account balance$18,045
Benefits paid to participants$326,027
Plan auditUnmodified (clean) audit opinion
AuditorCLAUSELL & ASSOCIATED,PC
Plan history2
Yearassets · accounts · employer contribution
2024$4.1M · 226 accts · $255K emplr
2022$3.0M · 268 accts · $259K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,783
Investment management$6,333
Total administrative$23,116
The Southwest Georgia Community Action Council, Inc. 401(k) match · 2024
Employer contribution per active participant$540
Median for plans this size$1,313
2024$540 per active participant
2022$555 per active participant

Southwest Georgia Community Action Council, Inc.'s 2024 employer contribution ran below the $1,313 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
LINCOLN NATIONAL CORPORATION · Contract administrator$16,783
CAMBRIDGE INVESTMENT RESEARCH, · Investment advisory (plan)$6,333

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

Administrative cost history2
2024$23,116 · 0.62%
2022$2,052 · 0.07%
Same employer
Similar plansHealth Care & Social Assistance · Georgia
Open Hand Atlanta, Inc. GA$4.3M · 0.04%
Waste Eliminator LLC GA$4.1M · 0.29%
Thrive Senior Living, LLC GA$4.0M · 0.89%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 580957513 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.