Retirement plan

SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN

Name: SOUTHERN STATES UTILITY TRAILER SALES, INC. - SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: SOUTHERN STATES UTILITY TRAILER SALES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN, SOUTHERN STATES UTILITY TRAILER SALES, INC.

SOUTHERN STATES UTILITY TRAILER SALES, INC.EIN 64-0666992Plan #001PY 2024

P.O. BOX 6257 - PEARL, MS 392886257601-939-9000ssutility.comLinkedIn51-200 employeestransportation/trucking/railroad

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$12.3M

+12.2% from 2023

Total participants

156

0.0% from 2023

Average account balance

$109,931

+22.2% from 2023

Annual return

12.68%

-2.68 pp from 2023

Benchmarks

See 2,063 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,063 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$12.31M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$110K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

112

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

67.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$952K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.68%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$642

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
MASCAGNI WEALTH MANAGEMENT6 years Service code 27 205 E MAIN ST · CLINTON, MS 390564261	Advisory (Plan)	$58,410
CPI QUALIFIED PLAN CONSULTANTS, INC8 years Service code 15 · EIN 48-1205033	Recordkeeping	$11,062

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$72K

$533 / participant

Recordkeeping$9K12.6%
Investment mgmt$61K84.6%
Contract admin$2K2.8%

% of EOY assets

0.584%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WILLIAMS, WEISS, HESTER & CO, PLLC
Auditor EIN: 640317418
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$109,931

$60,261+82.4%

$81,783+34.4%

$74,546+47.5%

Participation rate

67.4%

62.9%+4.5pp

72.4%-4.9pp

67.2%+0.2pp

Annual return

12.68%

16.88%-4.2pp

775.05%-762.4pp

1366.03%-1353.4pp

Employer contribution / active EE

$2,719

$2,622+3.7%

$2,913-6.6%

$2,624+3.6%

Participant deferral / active EE

$4,330

$3,388+27.8%

$4,320+0.2%

$4,347-0.4%

Admin fee / account holder

$642

$1,482-56.7%

$7,380-91.3%

$1,944-67.0%

Provider

Service type

Compensation

MASCAGNI WEALTH MANAGEMENT6 years

Service code 27

205 E MAIN ST · CLINTON, MS 390564261

Advisory (Plan)

$58,410

CPI QUALIFIED PLAN CONSULTANTS, INC8 years

Service code 15 · EIN 48-1205033

Recordkeeping

$11,062

SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion