Plan Snapshot
- Plan Sponsor: Smart
- Sponsor EIN: 341031303
- Sponsor Address: 1750 NEW YORK AVENUE, SUITE 600, WASHINGTON, DC, 20006
- Plan Type: 401(k)
- Plan Number: 506
- Total Participants: 42,032
- Total Assets: $19.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 42,032 | $19.6M | $0 | $21.6M |
| 2023 | 40,987 | $12.9M | $0 | $18.2M |
| 2022 | 36,973 | $6.2M | $0 | $12.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SOUTHERN BENEFIT ADMINISTRATORS | Other Service Provider | $591,600 | — | $591,600 |
| MOONEY, GREEN, SAINDON, MURPHY & WE | Other Service Provider | $42,901 | — | $42,901 |
| SEGAL SELECT INSURANCE | Other Service Provider | $38,015 | — | $38,015 |
| CALIBRE CPA GROUP PLLC | Auditor | $17,500 | — | $17,500 |
| CLEARSTEAD ADVISORS, LLC | Other Service Provider | $14,246 | — | $14,246 |
| US BANK | Other Service Provider | $6,714 | — | $6,714 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CALIBRE CPA GROUP PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $710,976
- Estimated Expense Ratio: 3.629% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $716,741 | $20,960 | $592,436 | $17,500 | — |
| 2023 | $712,675 | $11,610 | $591,600 | $26,500 | — |
| 2022 | $886,962 | $13,599 | $591,600 | — | $215,130 |