Plan Snapshot
- Plan Sponsor: Smithgroup Companies, INC.
- Sponsor EIN: 382247428
- Sponsor Address: 500 GRISWOLD ST. SUITE 1700, DETROIT, MI, 48226
- Plan Type: 401(k)
- Total Participants: 1,547
- Total Assets: $335.3M
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 | 1,547 | $335.3M | $6.5M | $18.0M |
| 2023 | 1,404 | $290.4M | $7.0M | $15.4M |
| 2022 | 1,352 | $232.3M | $1.8M | $13.3M |
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 |
|---|---|---|---|---|
| GREGORY J SCHWARTZ & COMPANY INC | INVESTMENT ADVISOR | $294,986 | — | $294,986 |
| CAPITAL GROUP RETIREMENT PLAN SVCS. | RECORDKEEPER | $142,177 | — | $142,177 |
| PLANTE & MORAN PLLC | AUDITOR | $17,500 | — | $17,500 |
| PLANTE & MORAN | Auditor | $17,500 | — | $17,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PLANTE & MORAN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $472,163
- Estimated Expense Ratio: 0.141% 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 | $454,663 | $294,986 | — | $17,500 | — |
| 2023 | $448,805 | $294,916 | — | $17,500 | — |
| 2022 | $404,648 | — | $404,648 | — | — |