Plan Snapshot
- Plan Sponsor: Smtc Corporation
- Sponsor EIN: 770386123
- Sponsor Address: 425 N DRIVE, MELBOURNE, FL, 32934
- Plan Type: 401(k)
- Total Participants: 531
- Total Assets: $33.7M
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 | 531 | $33.7M | $852,791 | $3.6M |
| 2023 | 608 | $29.9M | $951,725 | $3.6M |
| 2022 | 508 | $23.6M | $792,366 | $2.9M |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $124,256 | — | $124,256 |
| MERRILL LYNCH PIERCE FENNER & SMITH | INVESTMENT ADVISOR | $77,637 | $1,384 | $79,021 |
| REHMANN ROBSON | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $203,277
- Estimated Expense Ratio: 0.603% 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 | $201,894 | $77,638 | — | — | — |
| 2023 | $158,298 | $63,534 | — | — | — |
| 2022 | $149,464 | — | — | — | — |