Southland Industries 401(k) Review & Grade
Southland Industries Employees' 401k Plan
Garden Grove, CAConstruction1,019 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,927Employer $ per active participant
$13,850Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$211.8MNet plan assets, end of year
$159,451Average balance per account
Score breakdown
- Employer generosity46.8 / 5094th percentile for employer $ per participant
- Low cost12.6 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving15.0 / 15100th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 51th |
| Employee saving | 100th |
| 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 Industries put in about $6,927 per active participant, more than the typical peer ($1,672). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $7,058,140 |
| Participant (employee) contributions | $14,113,248 |
| Other contributions (incl. rollovers in) | $3,196,353 |
| Administrative expenses paid from the plan | $438,866 |
| Investment advisory & management fees | $372,905 |
| Benefits paid out | $14,305,275 |
| Net assets, start / end of year | $177.3M / $211.8M |
| Active participants, start / end of year | 942 / 1,096 |
| Participants with account balances | 1,328 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $312,003 reported compensation |
| Fisher Investments | $16,553 reported compensation |
| Kendall Capital Management | $13,005 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250822103010NAL0008887840001, received 2025-08-22, EIN 95-1596533, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.