Southwire Company, LLC 401(k) Review & Grade
Southwire Company Hourly 401(k) Plan
Carrollton, GAManufacturing5,942 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$852Employer $ per active participant
$4,979Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$250.2MNet plan assets, end of year
$38,619Average balance per account
Score breakdown
- Employer generosity4.5 / 509th percentile for employer $ per participant
- Low cost9.0 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 36th |
| Employee saving | 36th |
| Peers that auto-enroll | 70% |
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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
- Southwire Company put in about $852 per active participant, below the typical peer ($3,452). 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.
- Direct plan expenses (0.19% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $5,063,082 |
| Participant (employee) contributions | $29,584,682 |
| Other contributions (incl. rollovers in) | $1,703,738 |
| Administrative expenses paid from the plan | $457,417 |
| Contract administrator fees | $2,100 |
| Investment advisory & management fees | $100,175 |
| Other admin expenses | $33,000 |
| Benefits paid out | $30,547,956 |
| Net assets, start / end of year | $221.5M / $250.2M |
| Active participants, start / end of year | 5,810 / 6,073 |
| Participants with account balances | 6,479 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Frazier & Deeter |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $324,242 reported compensation |
| Strategic Advisors, Inc. | $100,175 reported compensation |
| Captrust | $33,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918122534NAL0001505744001, received 2025-09-18, EIN 58-2020515, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.