Plan Ledger DOL Form 5500 · updated monthly

Systems Automotive Interiors, LLC401(k)

401K EMPLOYEE RETIREMENT PLAN · MANTACHIE, MS · plan year 2024

Reported admin expense ratio · 2024
2.24%

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

Systems Automotive Interiors, LLC reported $46,711 in plan administrative expenses for 2024: 2.24% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,208 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 fell from 3.52% to 2.24%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Mississippi (307th of 367), and 12,667th of 13,661 in manufacturing. In 2024, employees put in $1.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,320,380
Participants with balances196
Active participants125
Employer contributions$151,005
Employee contributions$208,091
Employer contribution per active participant$1,208
Average account balance$11,839
Benefits paid to participants$98,375
Plan auditDisclaimer of opinion
AuditorWILLIAMS, WEISS, HESTER & CO., PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$2.3M · 196 accts · $151K emplr
2023$1.9M · 189 accts · $123K emplr
2022$1.5M · 170 accts · $109K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,052
Investment management$15,159
Audit (IQPA)$9,500
Total administrative$46,711
The Systems Automotive Interiors, LLC 401(k) match · 2024
Employer contribution per active participant$1,208
Median for plans this size$1,313
2024$1,208 per active participant
2023$1,016 per active participant
2022$956 per active participant

Systems Automotive Interiors, LLC'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.

Service providers · 20243
HERITAGE PENSION ADVISORS, LLC · Recordkeeping · Custodial (securities)$22,052
BANKPLUS WEALTH MANAGEMENT GROUP · Investment advisory (participants) · Investment advisory (plan)$15,159
WILLIAMS, WEISS, HESTER & CO., PLLC · Accounting / audit$9,500

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

Recordkeeper by year2
2024HERITAGE PENSION ADVISORS, LLC
2023HERITAGE PENSION ADVISORS, LLC

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

Administrative cost history3
2024$46,711 · 2.24%
2023$48,528 · 2.90%
2022$58,927 · 3.52%
Same employer
Similar plansManufacturing · Mississippi
Hankins Lumber Co. Inc. MS$2.5M · 0.79%
Mississippi Silicon LLC MS$2.5M · 0.17%
C & W Embroidery, Inc. MS$2.4M · 0.78%
Max Home, LLC MS$2.2M · 0.88%
Warmkraft, Inc. MS$1.5M · 2.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452901746 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.