Plan Snapshot
- Plan Sponsor: Smi Imaging, LLC
- Sponsor EIN: 264000683
- Sponsor Address: 16220 NORTH, SCOTTSDALE ROAD SUITE, SCOTTSDALE, AZ, 85254
- Plan Type: 401(k)
- Total Participants: 2,347
- Total Assets: $39.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 2,347 | $39.0M | $0 | $7.8M |
| 2022 | 2,115 | $27.9M | $0 | $6.7M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $696,178 | — | $696,178 |
| THOMAS BEAL | Other Service Provider | $190,494 | — | $190,494 |
| LEAFHOUSE FINANCIAL ADVISORS, LLC | Investment Advisor | $31,738 | — | $31,738 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $30,610 | — | $30,610 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $949,020
- Estimated Expense Ratio: 2.431% 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 |
|---|---|---|---|---|---|
| 2023 | $474,510 | $31,174 | — | — | — |
| 2022 | $409,431 | — | $409,431 | — | — |