Plan Snapshot
- Plan Sponsor: Smith Power Products, INC.
- Sponsor EIN: 870253588
- Sponsor Address: 3065 W CALIFORNIA AVE, SALT LAKE CITY, UT, 84104
- Plan Type: 401(k)
- Total Participants: 257
- Total Assets: $32.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 257 | $32.2M | $681,605 | $1.8M |
| 2023 | 257 | $28.5M | $695,041 | $1.7M |
| 2022 | 255 | $24.4M | $630,662 | $1.7M |
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 |
|---|---|---|---|---|
| LPL FINANCIAL CORPORATION RPCP | INVESTMENT/FINANCIAL ADVI | $51,819 | — | $51,819 |
| ADP, INC. | RECORD KEEPER | $47,331 | — | $47,331 |
| TRAVELLER & COMPANY LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LPL FINANCIAL CORPORATION RPCP — INVESTMENT/FINANCIAL ADVI
- ADP, INC. — RECORD KEEPER
- TRAVELLER & COMPANY LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $99,150
- Estimated Expense Ratio: 0.308% 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 | $99,151 | $51,820 | — | — | — |
| 2023 | $84,356 | $43,360 | — | — | — |
| 2022 | $86,517 | — | — | — | — |