Southwire Company, LLC 401(k) Review & Grade
Southwire Company Salaried 401(k) Plan
Carrollton, GAManufacturing2,356 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,823Employer $ per active participant
$11,585Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$506.0MNet plan assets, end of year
$180,086Average balance per account
Score breakdown
- Employer generosity36.4 / 5073th percentile for employer $ per participant
- Low cost15.5 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving14.0 / 1593th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 62th |
| Employee saving | 93th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $8,518 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Southwire Company put in about $3,823 per active participant, more than the typical peer ($2,320). 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.
- 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 | $9,005,744 |
| Participant (employee) contributions | $27,287,902 |
| Other contributions (incl. rollovers in) | $4,096,829 |
| Administrative expenses paid from the plan | $742,443 |
| Contract administrator fees | $3,000 |
| Investment advisory & management fees | $334,685 |
| Benefits paid out | $47,731,805 |
| Net assets, start / end of year | $447.5M / $506.0M |
| Active participants, start / end of year | 2,364 / 2,347 |
| Participants with account balances | 2,810 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Frazier & Deeter |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $407,758 reported compensation |
| Strategic Advisors, Inc. | $264,559 reported compensation |
| Captrust | $70,125 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918121634NAL0003124962001, received 2025-09-18, EIN 58-2020515, plan #011, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.