Plan Snapshot
- Plan Sponsor: Smith Brothers Insurance, LLC
- Sponsor EIN: 060391040
- Sponsor Address: 68 NATIONAL DRIVE, GLASTONBURY, CT, 06033
- Plan Type: 401(k)
- Total Participants: 222
- Total Assets: $29.1M
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 | 222 | $29.1M | $521,111 | $2.2M |
| 2023 | 197 | $26.2M | $467,145 | $2.0M |
| 2022 | 189 | $25.3M | $405,985 | $1.7M |
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 CO | Recordkeeper | $82,432 | — | $82,432 |
| SMITH BROTHERS FINANCIAL, LLC | Investment Advisor | $27,267 | — | $27,267 |
| PENSION CONSULTANTS, INC. | Recordkeeper | $7,440 | $13,514 | $20,954 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $130,653
- Estimated Expense Ratio: 0.449% 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 | $81,817 | $27,267 | — | — | — |
| 2023 | $103,900 | $25,048 | — | — | — |
| 2022 | $113,525 | — | — | — | — |