Plan Snapshot
- Plan Sponsor: The Smithers Group, INC.
- Sponsor EIN: 030390026
- Sponsor Address: 121 S. MAIN STREET, SUITE #300, AKRON, OH, 44308
- Plan Type: 401(k)
- Total Participants: 417
- Total Assets: $60.6M
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 | 417 | $60.6M | $1.0M | $3.7M |
| 2023 | 442 | $50.1M | $939,833 | $3.3M |
| 2022 | 398 | $40.1M | $1.0M | $3.1M |
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 |
|---|---|---|---|---|
| TRUIST BANK | NONE | $86,451 | — | $86,451 |
| SCHWAB RETIREMENT PLAN SERVICES,INC | NONE | $57,229 | — | $57,229 |
| CBIZ CPAS P.C. | NONE | $14,700 | — | $14,700 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $158,380
- Estimated Expense Ratio: 0.262% 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 | $159,785 | $88,976 | — | $14,700 | — |
| 2023 | $189,256 | $122,503 | $8,700 | — | — |
| 2022 | $109,558 | $46,100 | — | — | $8,000 |