Plan Ledger DOL Form 5500 · updated monthly

Southworth International Group, Inc.401(k)

SOUTHWORTH INTERNATIONAL GROUP, INC. 401K · FALMOUTH, ME · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Southworth International Group, Inc. reported $53,454 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $2,274 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 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 134th-largest of 354 plans among Maine employers on file, and the 5,652nd of 13,661 in manufacturing. In 2024, employees put in $2.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,510,359
Participants with balances331
Active participants335
Employer contributions$761,863
Employee contributions$1,578,160
Employer contribution per active participant$2,274
Average account balance$64,986
Benefits paid to participants$3,030,918
Plan auditUnmodified (clean) audit opinion
AuditorCARON AND BLETZER, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$21.5M · 331 accts · $762K emplr
2023$19.1M · 310 accts · $691K emplr
2022$16.3M · 342 accts · $659K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,218
Investment management$9,236
Total administrative$53,454
The Southworth International Group, Inc. 401(k) match · 2024
Employer contribution per active participant$2,274
Median for plans this size$2,416
2024$2,274 per active participant
2023$2,295 per active participant
2022$1,984 per active participant

Southworth International Group, Inc.'s 2024 employer contribution ran below the $2,416 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$13,340
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$9,236

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

Administrative cost history3
2024$53,454 · 0.26%
2023$47,770 · 0.27%
2022$45,553 · 0.25%
Same employer
Similar plansManufacturing · Maine
Somic America, Inc. ME$25.9M · 0.37%
The Baker Company ME$19.6M · 0.32%
Gissing North America LLC ME$18.9M · 0.19%
Jasper Wyman & Son ME$18.9M · 0.06%
Mowi USA, LLC ME$18.8M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010419894 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.