Plan Snapshot
- Plan Sponsor: Smith Industries, INC.
- Sponsor EIN: 521434535
- Sponsor Address: 2001 KENILWORTH AVE, CAPITOL HEIGHTS, MD, 20743
- Plan Type: 401(k)
- Total Participants: 484
- Total Assets: $6.2M
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 | 484 | $6.2M | $141,625 | $507,811 |
| 2023 | 480 | $5.3M | $134,774 | $452,989 |
| 2022 | 459 | $4.2M | $122,337 | $386,202 |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | NONE | $23,078 | $277 | $23,355 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,355
- Estimated Expense Ratio: 0.379% 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 | $24,210 | $1,132 | $23,078 | — | — |
| 2023 | $12,951 | — | $12,951 | — | — |
| 2022 | $15,629 | — | $15,629 | — | — |