Plan Snapshot
- Plan Sponsor: Smith Industrial Service, INC.
- Sponsor EIN: 272045976
- Sponsor Address: 2001 WEST I-65 SERVICE ROAD NORTH, MOBILE, AL, 36618
- Plan Type: 401(k)
- Total Participants: 340
- Total Assets: $10.1M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 340 | $10.1M | $496,106 | $779,538 |
| 2023 | 305 | $8.0M | $431,214 | $730,378 |
| 2022 | 263 | $6.2M | $275,811 | $627,155 |
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 |
|---|---|---|---|---|
| MITCHELL MCLEOD PUGH & WILLIAMS | ADVISOR | $34,502 | — | $34,502 |
| NEWPORT GROUP, INC. | RECORDKEEPER | $22,413 | — | $22,413 |
| SMITH DUKES & BUCKALEW LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SMITH DUKES & BUCKALEW LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,915
- Estimated Expense Ratio: 0.564% 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 | $59,506 | $34,502 | $100 | — | — |
| 2023 | $49,540 | $25,831 | $80 | — | — |
| 2022 | $47,506 | $17,445 | $29,148 | — | $913 |