Southland Holdings, LLC 401(k) Review & Grade
Southland Holdings, LLC 401(k) Profit Sharing Plan
Grapevine, TXConstruction1,718 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,061Employer $ per active participant
$2,381Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$80.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity17.1 / 5034th percentile for employer $ per participant
- Low cost10.7 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving4.2 / 1528th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 43th |
| Employee saving | 28th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Southland Holdings put in about $1,061 per active participant, below the typical peer ($1,672). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,822,705 |
| Participant (employee) contributions | $4,089,098 |
| Other contributions (incl. rollovers in) | $56,740 |
| Administrative expenses paid from the plan | $225,209 |
| Contract administrator fees | $129,231 |
| Investment advisory & management fees | $93,128 |
| Other admin expenses | $2,850 |
| Benefits paid out | $13,867,335 |
| Net assets, start / end of year | $78.8M / $80.6M |
| Active participants, start / end of year | 1,673 / 1,762 |
| Participants with account balances | 667 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Schneider Downs & Co Inc. |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $133,608 reported compensation |
| Voya Retirement Advisors, LLC | $91,601 reported compensation |
| Usi Advisors,inc. | $53,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007081046NAL0010799106001, received 2025-10-07, EIN 20-4336627, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.