Plan Ledger DOL Form 5500 · updated monthly

Southwest Security, Inc.401(k)

SOUTHWEST SECURITY, INC. 401(K) PLAN · NATCHEZ, MS · plan year 2024

Reported admin expense ratio · 2024
0.96%

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

Southwest Security, Inc. reported $85,492 in plan administrative expenses for 2024: 0.96% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,773 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 0.90% to 0.96%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is the 172nd-largest of 367 plans among Mississippi employers on file, and 3,985th of 4,798 in finance & insurance. In 2024, employees put in $2.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,969,482
Participants with balances123
Active participants103
Employer contributions$182,599
Employee contributions$435,086
Employer contribution per active participant$1,773
Average account balance$81,053
Benefits paid to participants$209,261
Plan auditDisclaimer of opinion
AuditorSILAS SIMMONS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.0M · 123 accts · $183K emplr
2023$7.9M · 110 accts · $166K emplr
2022$6.3M · 119 accts · $149K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$85,492
Total administrative$85,492
The Southwest Security, Inc. 401(k) match · 2024
Employer contribution per active participant$1,773
Median for plans this size$1,313
2024$1,773 per active participant
2023$1,478 per active participant
2022$1,422 per active participant

Southwest Security, Inc.'s 2024 employer contribution ran above 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.

Service providers · 20241
JOHN HANCOCK LIFE INSURANCE CO. · Recordkeeping · Investment management$276

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$85,492 · 0.96%
2023$67,764 · 0.96%
2022$66,158 · 0.90%
All plans at this employer2
SOUTHWEST SECURITY, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
SOUTHWEST SECURITY, INC. 401(K) PLAN401(k)
Similar plansFinance & Insurance · Mississippi
Peoples Bank of Mendenhall MS$13.8M · 0.04%
Merchants & Marine Bank MS$11.0M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640639663 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.