Plan Snapshot
- Plan Sponsor: Smartronix, LLC
- Sponsor EIN: 521922012
- Sponsor Address: 44150 SMARTRONIX WAY, HOLLYWOOD, MD, 20636
- Plan Type: 401(k)
- Total Participants: 1,333
- Total Assets: $169.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 1,333 | $169.8M | $6.9M | $12.2M |
| 2023 | 1,311 | $130.6M | $6.4M | $11.9M |
| 2022 | 1,347 | $106.7M | $5.8M | $10.5M |
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 |
|---|---|---|---|---|
| TRANSAMERICA FINANCIAL LIFE INS CO. | Recordkeeper | $171,145 | — | $171,145 |
| MERRILL LYNCH LIFE AGENCY, INC. | Investment Advisor | $105,259 | — | $105,259 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA FINANCIAL LIFE INS CO. — Recordkeeper
- MERRILL LYNCH LIFE AGENCY, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $276,404
- Estimated Expense Ratio: 0.163% 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 | $384,264 | — | $384,264 | — | — |
| 2023 | $338,345 | — | $338,345 | — | — |
| 2022 | $298,467 | — | $298,467 | — | — |