Plan Ledger DOL Form 5500 · updated monthly

Southwest Georgia Oil Company, Inc.401(k)

SOUTHWEST GEORGIA OIL COMPANY, INC. 401(K) PLAN · BAINBRIDGE, GA · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Southwest Georgia Oil Company, Inc. reported $56,723 in plan administrative expenses for 2024: 0.63% of average plan assets, above the peer median. Employer contributions averaged $1,024 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 0.35% to 0.63%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Georgia (1,262nd of 2,160), and 2,657th of 5,215 in retail trade. In 2024, employees put in $1.45 for every $1.00 the employer contributed; active participation has grown from 401 to 481 since 2022.

Plan summary
Net assets, end of year$9,836,637
Participants with balances567
Active participants481
Employer contributions$492,621
Employee contributions$713,762
Employer contribution per active participant$1,024
Average account balance$17,349
Benefits paid to participants$679,013
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS HOWELL FERGUSON P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$9.8M · 567 accts · $493K emplr
2023$8.1M · 501 accts · $421K emplr
2022$6.7M · 478 accts · $408K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,550
Investment management$53,173
Total administrative$56,723
The Southwest Georgia Oil Company, Inc. 401(k) match · 2024
Employer contribution per active participant$1,024
Median for plans this size$1,313
2024$1,024 per active participant
2023$1,019 per active participant
2022$1,017 per active participant

Southwest Georgia Oil Company, Inc.'s 2024 employer contribution ran below the $1,313 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$56,723 · 0.63%
2023$38,109 · 0.51%
2022$25,090 · 0.35%
Same employer
Similar plansRetail Trade · Georgia
The Jones Company GA$11.1M · 0.11%
Edible Arrangements, LLC GA$9.1M · 0.29%
Day's Chevrolet Inc. GA$9.0M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 580976116 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.