Plan Snapshot
- Plan Sponsor: Smith Industries, INC.
- Sponsor EIN: 272803061
- Sponsor Address: 2781 GUNTER PARK DRIVE EAST, MONTGOMERY, AL, 361091405
- Plan Type: 401(k)
- Total Participants: 294
- Total Assets: $28.1M
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 | 294 | $28.1M | $68,301 | $754,197 |
| 2023 | 288 | $26.0M | $0 | $629,219 |
| 2022 | 281 | $23.0M | $0 | $570,710 |
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 | Recordkeeper | $25,922 | — | $25,922 |
| ONEDIGITAL INVESTMENT ADVISORS LLC | Investment Advisor | $20,787 | — | $20,787 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $9,035 | — | $9,035 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ONEDIGITAL INVESTMENT ADVISORS LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,744
- Estimated Expense Ratio: 0.198% 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 | $55,744 | $29,822 | — | — | — |
| 2023 | $49,453 | $27,381 | — | — | — |
| 2022 | $49,809 | $28,670 | $21,139 | — | — |