# Smith Industrial Service, INC. 401(k) Plan
Source: https://planprovider.pro/companies/smith-industrial-service-inc-401k-plan

> Smith Industrial Service, INC.'s 401(k) plan: 340 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/smith-dukes-and-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|

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