# Smart 401(k) Plan
Source: https://planprovider.pro/companies/smart-341031303-506

> Smart's 401(k) plan: 42,032 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|

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