# Smith Power Products, INC. 401(k) Plan
Source: https://planprovider.pro/companies/smith-power-products-inc-401k-plan

> Smith Power Products, INC.'s 401(k) plan: 257 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/equitable) — INVESTMENT/FINANCIAL ADVI

- [ADP, INC.](https://planprovider.pro/provider/adp-retirement-services) — RECORD KEEPER

- [TRAVELLER & COMPANY LLC](https://planprovider.pro/provider/traveller-and-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|—|—|—|—|

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