Employers › Southern Company Services
Recordkeeping fees per participant · The Southern Company Employee Savings Plan · plan year 2024
$45.77
Higher than 77% of the 790 plans over $1B that report it.
= $1,594,946 / 34,850
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250812122928NAL0007212931001, received 2025-08-12
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250812122928NAL0007212931001, received 2025-08-12
Percentiles compare this plan with the Schedule H plans over $1B 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 2025-08-12.
Administrative expenses excluding investment management, per participant
$46.70
Higher than 53% of the 1,045 plans over $1B that report it.
= $1,627,446 / 34,850
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250812122928NAL0007212931001, received 2025-08-12
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250812122928NAL0007212931001, received 2025-08-12
Administrative expenses per participant
$47.80
Higher than 28% of the 1,076 plans over $1B that report it.
= $1,665,856 / 34,850
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250812122928NAL0007212931001, received 2025-08-12
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250812122928NAL0007212931001, received 2025-08-12
Administrative expenses as a share of assets
0.018%
Higher than 15% of the 1,076 plans over $1B that report it.
= $1,665,856 / $9,300,088,498
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250812122928NAL0007212931001, received 2025-08-12
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250812122928NAL0007212931001, received 2025-08-12
Employer contributions per participant
$3,881
Higher than 52% of the 1,135 plans over $1B that report it.
= $135,260,890 / 34,850
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250812122928NAL0007212931001, received 2025-08-12
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250812122928NAL0007212931001, received 2025-08-12
Employer share of total contributions
30.6%
Higher than 41% of the 1,135 plans over $1B that report it.
= $135,260,890 / $441,974,697
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250812122928NAL0007212931001, received 2025-08-12
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250812122928NAL0007212931001, received 2025-08-12
Plan terms are not published in public filings.
2F ERISA 404(c) plan · 2G fully participant-directed · 2I · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2R participant brokerage window · 3H controlled-group sponsor · 3F · 2S pre-approved plan document · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250812122928NAL0007212931001, received 2025-08-12
| Field | Value | Source |
|---|---|---|
| Plan sponsor | SOUTHERN COMPANY SERVICES, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Plan name | THE SOUTHERN COMPANY EMPLOYEE SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Sponsor EIN / plan number | 63-0274273 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Sponsor location | ATLANTA, GA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Industry (business code) | 221100, Utilities | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Filing received | 2025-08-12 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Participants, beginning of year | 35,497 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Active participants | 28,079 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Participants, end of year | 35,609 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Participants with an account balance | 34,850 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Total assets, beginning of year | $8,390,479,468 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Total assets, end of year | $9,300,088,498 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Net assets, end of year | $9,300,088,498 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Total income | $1,779,989,713 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Net income | $909,609,030 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Employer contributions | $135,260,890 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Participant contributions | $285,051,682 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Other contributions (incl. rollovers) | $21,662,125 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Total contributions | $441,974,697 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Benefit payments | $868,302,279 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Total expenses (incl. benefit payments) | $870,380,683 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Total administrative expenses | $1,665,856 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Recordkeeping fees | $1,594,946 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| IQPA audit fees | $32,500 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Investment advisory and management fees | $38,410 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Administrative expenses excluding investment management | $1,627,446 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Held in common/collective trusts | $5,303,001,223 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Held in mutual funds | $0 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250812122928NAL0007212931001, received 2025-08-12 |
| Independent auditor | WARREN AVERETT | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250812122928NAL0007212931001, received 2025-08-12 |
Position = column in the DOL layout for form year 2024. Filing 20250812122928NAL0007212931001, received 2025-08-12.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND Srecordkeeper | RECORDKEEPER | 15 Recordkeeping and information management; 52 Investment management fees paid indirectly by plan; 59 Shareholder servicing fees; 60 Sub-transfer agency fees; 62 Float revenue; 63 Distribution (12b-1) fees; 71 Securities brokerage commissions and fees; 72 Other investment fees and expenses | $1,594,946 | yes |
| WARREN AVERETT LLC | ACCOUNTANT | 50 Direct payment from the plan; 70 Consulting fees | $32,500 | no |
| GALLAGHER FIDUCIARY ADVISORS, LLC | CONSULTANT | 70 Consulting fees | $30,000 | no |
| MERCER | CONSULTANT | 70 Consulting fees | $7,500 | no |
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 20250812122928NAL0007212931001, received 2025-08-12.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $8,390,479,468 | $9,300,088,498 | 10.8% |
| Participants with a balance | 34,879 | 34,850 | -0.1% |
| Administrative expenses | $1,228,611 | $1,665,856 | 35.6% |
| Recordkeeping fees per participant | $35.22 | $45.77 | 29.9% |
| Employer contributions | $129,264,474 | $135,260,890 | 4.6% |
Prior filing 20240714161620NAL0001251522001, received 2024-07-14; the plan years are contiguous.
Sponsor name as filed: SOUTHERN COMPANY SERVICES, INC.; SEC registrant: SOUTHERN CO SERVICES INC /TA (CIK 774598, matched by EIN).