Southwest Security 401(k) match, vesting and fees
What Southwest Security's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | John Hancock Life Insurance Co. | Schedule C ↗ |
| Independent auditor | Silas Simmons, LLP (disclaimer opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,409 defined-contribution plans in finance and insurance with 100 to 499 participants.
| Southwest Security: employer contribution per participant | $1,485 | |
| Peer median | $2,868 |
| Southwest Security: average balance | $81,053 | |
| Peer median | $95,281 |
| Southwest Security: admin expenses ÷ assets | 0.96% | |
| Peer median | 0.22% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $8.5M at the end of plan year 2021 to $10M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 123 | $10M | $183K | $1,485 | 0.96% | Not published | Form 5500 ↗ |
| 2023 | 125 | $7.9M | $166K | $1,505 | 0.96% | Not published | Form 5500 ↗ |
| 2022 | 125 | $6.3M | $149K | $1,254 | 0.90% | Not published | Form 5500 ↗ |
| 2021 | 135 | $8.5M | $168K | $1,391 | 1.00% | Not published | Form 5500 ↗ |
Other Southwest Security plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Southwest Security, Inc. Employee Stock Ownership Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Silas Simmons, LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
Common questions
Does Southwest Security match 401(k) contributions?
The match terms for the Southwest Security, Inc. 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $183K in employer contributions, about $1,485 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Southwest Security 401(k) match vested?
The vesting schedule for the Southwest Security, Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Southwest Security 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is John Hancock Life Insurance Co.. The plan administrator is Southwest Security, Inc..
I left Southwest Security. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Southwest Security, Inc., (601) 445-7019) or the recordkeeper, John Hancock Life Insurance Co.. The Southwest Security old 401(k) page lists the contacts from every plan filing. Find an old Southwest Security 401(k)
Data from the public Form 5500 annual reports Southwest Security filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Southwest Security. Not financial advice. Report a correction · Methodology