401k Record

Employers › Southerland

Southerland 401(k)

Recordkeeping fees per participant · Southerland, Inc. Profit Sharing Plan · plan year 2024

$201.37

Higher than 89% of the 7,477 plans $1 to 10M that report it.

Source

= $20,338 / 101
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250929103451NAL0004972803001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929103451NAL0004972803001, received 2025-09-29

10th: $11.10median $71.5290th: $209.21

Percentiles compare this plan with the Schedule H plans $1 to 10M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-29.

Cost and contributions

Administrative expenses excluding investment management, per participant

$207.80

10th: $13.66median $103.3390th: $302.77

Higher than 79% of the 14,713 plans $1 to 10M that report it.

Source

= $20,988 / 101
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250929103451NAL0004972803001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929103451NAL0004972803001, received 2025-09-29

Administrative expenses per participant

$207.80

10th: $19.42median $150.2790th: $370.75

Higher than 64% of the 15,210 plans $1 to 10M that report it.

Source

= $20,988 / 101
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250929103451NAL0004972803001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929103451NAL0004972803001, received 2025-09-29

Administrative expenses as a share of assets

0.762%

10th: 0.069%median 0.519%90th: 1.146%

Higher than 72% of the 15,243 plans $1 to 10M that report it.

Source

= $20,988 / $2,754,995
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250929103451NAL0004972803001, received 2025-09-29
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250929103451NAL0004972803001, received 2025-09-29

Employer contributions per participant

not reported

Not reported on this filing.

Employer share of total contributions

not reported

Not reported on this filing.

Plan terms, as stated in Southerland, Inc.'s SEC filings

Plan terms are not published in public filings.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250929103451NAL0004972803001, received 2025-09-29

Full record, Southerland, Inc. Profit Sharing Plan

FieldValueSource
Plan sponsorSOUTHERLAND, INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250929103451NAL0004972803001, received 2025-09-29
Plan nameSOUTHERLAND, INC. PROFIT SHARING PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20250929103451NAL0004972803001, received 2025-09-29
Sponsor EIN / plan number62-0190550 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250929103451NAL0004972803001, received 2025-09-29
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250929103451NAL0004972803001, received 2025-09-29
Sponsor locationANTIOCH, TNForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250929103451NAL0004972803001, received 2025-09-29
Industry (business code)484110, Transportation and warehousingForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20250929103451NAL0004972803001, received 2025-09-29
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250929103451NAL0004972803001, received 2025-09-29
Filing received2025-09-29Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250929103451NAL0004972803001, received 2025-09-29
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250929103451NAL0004972803001, received 2025-09-29
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20250929103451NAL0004972803001, received 2025-09-29
Participants, beginning of year246Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250929103451NAL0004972803001, received 2025-09-29
Active participants218Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250929103451NAL0004972803001, received 2025-09-29
Participants, end of year234Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250929103451NAL0004972803001, received 2025-09-29
Participants with an account balance101Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929103451NAL0004972803001, received 2025-09-29
Total assets, beginning of year$2,539,257Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250929103451NAL0004972803001, received 2025-09-29
Total assets, end of year$2,754,995Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250929103451NAL0004972803001, received 2025-09-29
Net assets, end of year$2,754,866Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250929103451NAL0004972803001, received 2025-09-29
Total income$470,474Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250929103451NAL0004972803001, received 2025-09-29
Net income$215,609Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250929103451NAL0004972803001, received 2025-09-29
Participant contributions$183,611Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250929103451NAL0004972803001, received 2025-09-29
Total contributions$183,611Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250929103451NAL0004972803001, received 2025-09-29
Benefit payments$209,024Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250929103451NAL0004972803001, received 2025-09-29
Total expenses (incl. benefit payments)$254,865Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250929103451NAL0004972803001, received 2025-09-29
Total administrative expenses$20,988Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250929103451NAL0004972803001, received 2025-09-29
Recordkeeping fees$20,338Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250929103451NAL0004972803001, received 2025-09-29
Administrative expenses excluding investment management$20,988derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250929103451NAL0004972803001, received 2025-09-29
Independent auditorFORVIS MAZARS, LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250929103451NAL0004972803001, received 2025-09-29

Position = column in the DOL layout for form year 2024. Filing 20250929103451NAL0004972803001, received 2025-09-29.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
PRINCIPAL LIFE INSURANCE COMPANYrecordkeeperCONTRACT ADMINISTRATOR 13 Contract administrator; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees $20,987yes

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250929103451NAL0004972803001, received 2025-09-29.

What changed since the 2023 plan year

Figure20232024Change
Total assets$2,539,257$2,754,9958.5%
Participants with a balance1011010.0%
Administrative expenses$20,131$20,9884.3%
Recordkeeping fees per participantnot reported$201.37
Employer contributionsnot reportednot reported

Prior filing 20241008111239NAL0009578931001, received 2024-10-08; the plan years are contiguous.

Alerts, claims and corrections

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Sponsor name as filed: SOUTHERLAND, INC.; SEC registrant: Southerland, Inc. (CIK 1490598, matched by EIN).