Plan Ledger DOL Form 5500 · updated monthly

Sunsouth LLC401(k)

SUNSOUTH LLC 401(K) PLAN · DOTHAN, AL · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

Sunsouth LLC reported $126,096 in plan administrative expenses for 2024: 0.62% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,405 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 0.62%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 292nd-largest of 902 plans among Alabama employers on file, and the 1,776th of 4,246 in wholesale trade. In 2024, employees put in $2.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,636,563
Participants with balances527
Active participants416
Employer contributions$584,670
Employee contributions$1,474,653
Employer contribution per active participant$1,405
Average account balance$41,056
Benefits paid to participants$2,013,161
Plan auditUnmodified (clean) audit opinion
AuditorMCDANIEL & ASSOCIATES, PC
Plan history3
Yearassets · accounts · employer contribution
2024$21.6M · 527 accts · $585K emplr
2023$19.3M · 533 accts · $576K emplr
2022$16.7M · 525 accts · $600K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$66,610
Investment management$49,486
Audit (IQPA)$10,000
Total administrative$126,096
The Sunsouth LLC 401(k) match · 2024
Employer contribution per active participant$1,405
Median for plans this size$2,416
2024$1,405 per active participant
2023$1,365 per active participant
2022$1,367 per active participant

Sunsouth LLC'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 · 20243
CAPSOUTH PARTNERS · Investment advisory (plan)$49,486
MCDANIEL & ASSOCIATES, PC · Accounting / audit$10,000

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$126,096 · 0.62%
2023$109,613 · 0.61%
2022$108,043 · 0.59%
Same employer
Similar plansWholesale Trade · Alabama
Martin Incorporated AL$25.8M · 0.55%
Adams Beverages, LLC AL$24.9M · 0.67%
Gulf Distributing Co., Inc. AL$23.3M · 0.65%
Saginaw Pipe Company, Inc. AL$21.6M · 0.32%
McGriff Industries, Inc. AL$19.7M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204736728 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.