# The Smithers Group, INC. 401(k) Plan
Source: https://planprovider.pro/companies/the-smithers-group-inc-401k-plan

> The Smithers Group, INC.'s 401(k) plan: 417 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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:

- [SCHWAB RETIREMENT PLAN SERVICES,INC](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

## 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|

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