SouthGroup Insurance and Financial Services, LLC
70
Plan:
SouthGroup 401k Plan
38
70
85
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 15 point difference between this plan's BrightScope Rating (70) and the top rated plan (85) could equate to:
[How is this calculated?]
[How is this calculated?]
8 additional years of work Up to $81,000 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.
Retirement Plan Description
SouthGroup 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 70. This plan is in the top 35% of plans for Account Balances, Company Generosity, Salary Deferral, and Total Plan Cost. SouthGroup 401k Plan currently has over 100 active participants and over $9.3M in plan assets.
Retirement Plan Details
| Address |
795 Woodlands Parkway Suite 101
Ridgeland, MS 39157 |
| Industry | Insurance Agencies and Brokerages |
| Administrator | Angie Barr |
| Net Plan Assets | $9,260,000 |
| Total Participants | 140 |
| Avg Account Balance | $66,000 |
Compare Other Companies in Peer Group
| Signal Administration | 77.4 |
| CNA National Warranty | 75.8 |
| Iowa Bankers Insurance and Services | 75.5 |
| Bolton and Company | 73.3 |
| Henderson Brothers | 69.7 |
| Engle-Hambright & Davies | 68.0 |
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