Plan Snapshot
- Plan Sponsor: Smith & Nephew, INC.
- Sponsor EIN: 510123924
- Sponsor Address: 1450 BROOKS ROAD, MEMPHIS, TN, 38116
- Plan Type: DB
- Plan Number: 002
- Total Participants: 78
- Total Assets: $267.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 78 | $267.1M | $0 | $0 |
| 2022 | 421 | $363.0M | $2.2M | $0 |
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 |
|---|---|---|---|---|
| WILLIS TOWERS WATSON LLC | Recordkeeper | $1,324,343 | — | $1,324,343 |
| MERCER | Investment Advisor | $673,248 | — | $673,248 |
| STATE STREET BANK & TRUST | Other Service Provider | $128,925 | — | $128,925 |
| ALSTON & BIRD | ERISA Attorney | $52,605 | — | $52,605 |
| HORNE LLP | Auditor | $10,300 | — | $10,300 |
| INDEPENDENT INSURANCE ANALYSTS LLC | Other Service Provider | $7,500 | — | $7,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON LLC — Recordkeeper
- MERCER — Investment Advisor
- ALSTON & BIRD — ERISA Attorney
- HORNE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,196,921
- Estimated Expense Ratio: 0.822% 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 |
|---|---|---|---|---|---|
| 2023 | $2,521,709 | $656,448 | — | — | — |
| 2022 | $2,310,751 | — | — | — | $2,310,751 |