Plan Snapshot
- Plan Sponsor: Smart Motors, INC.
- Sponsor EIN: 390977617
- Sponsor Address: 5901 ODANA ROAD, MADISON, WI, 53719
- Plan Type: 401(k)
- Total Participants: 229
- Total Assets: $6.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 229 | $6.6M | $0 | $0 |
| 2023 | 229 | $14.4M | $702,524 | $1.0M |
| 2022 | 250 | $11.7M | $664,064 | $1.1M |
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 |
|---|---|---|---|---|
| PROACCOUNT | INVESTMENT ADVISORY (PAR | $55,293 | — | $55,293 |
| AMERIPRISE FINANCIAL SERVICES | BROKER/ADVISOR | — | $33,399 | $33,399 |
| DEFINITI LLC | THIRD PARTY ADMIN | $10,813 | $7,407 | $18,220 |
| SVA CERTIFIED PUBLIC ACCOUNTANTS SC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PROACCOUNT — INVESTMENT ADVISORY (PAR
- AMERIPRISE FINANCIAL SERVICES — BROKER/ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $106,912
- Estimated Expense Ratio: 1.622% 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 | $41,096 | — | — | — | — |
| 2023 | $109,335 | — | $109,335 | — | — |
| 2022 | $104,222 | — | $104,222 | — | — |