Plan Ledger DOL Form 5500 · updated monthly

Southwest Key Programs, Inc.401(k)

SOUTHWEST KEY PROGRAMS, INC. 401(K) RETIREMENT PLAN · AUSTIN, TX · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Southwest Key Programs, Inc. reported $1,011,879 in plan administrative expenses for 2024: 0.40% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,564 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 0.38% to 0.40%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 311th-largest of 5,688 plans among Texas employers on file, and the 521st of 11,911 in health care & social assistance. In 2024, employees put in $1.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$277,140,401
Participants with balances10,452
Active participants8,899
Employer contributions$31,717,878
Employee contributions$35,681,070
Employer contribution per active participant$3,564
Average account balance$26,516
Benefits paid to participants$44,314,595
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$277.1M · 10,452 accts · $31.7M emplr
2023$224.6M · 10,841 accts · $29.3M emplr
2022$158.0M · 11,210 accts · $20.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,011,479
Total administrative$1,011,879
The Southwest Key Programs, Inc. 401(k) match · 2024
Employer contribution per active participant$3,564
Median for plans this size$4,294
2024$3,564 per active participant
2023$3,015 per active participant
2022$2,169 per active participant

Southwest Key Programs, Inc.'s 2024 employer contribution ran below the $4,294 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.

Service providers · 20242
EMPOWER ANNUITY INSURANCE COMPANY · Loan processing · Recordkeeping$1,011,479
QDRO CONSULTANTS COMPANY, LLC · Consulting$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
2024Empower
2023Empower

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

Administrative cost history3
2024$1,011,879 · 0.40%
2023$952,671 · 0.50%
2022$575,549 · 0.38%
Same employer
Similar plansHealth Care & Social Assistance · Texas
U.S. Renal Care, Inc. TX$340.2M · 0.19%
Ortholonestar, PLLC TX$231.0M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 742481167 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.