Plan Ledger DOL Form 5500 · updated monthly

Bd Ttees Smart National Supplemental Savings Plan401(k)

SMART NATIONAL SUPPLEMENTAL SAVINGS PLAN · FALLS CHURCH, VA · plan year 2024

Reported admin expense ratio · 2024
0.63%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Bd Ttees Smart National Supplemental Savings Plan reported $950,998 in plan administrative expenses for 2024: 0.63% of average plan assets, higher than ~90% of peers. Employer contributions averaged $796 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.63%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 185th-largest of 2,266 plans among Virginia employers on file, and the 413th of 5,337 in construction. In 2024, the employer put in $1.49 for every $1.00 employees contributed themselves; active participation has grown from 9,773 to 13,464 since 2022.

Plan summary
Net assets, end of year$161,999,293
Participants with balances13,624
Active participants13,464
Employer contributions$10,718,246
Employee contributions$7,217,209
Employer contribution per active participant$796
Average account balance$11,891
Benefits paid to participants$9,583,034
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$162.0M · 13,624 accts · $10.7M emplr
2023$139.4M · 12,046 accts · $7.7M emplr
2022$118.3M · 9,909 accts · $6.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$437,989
Investment management$43,323
Audit (IQPA)$34,300
Total administrative$950,998
The Bd Ttees Smart National Supplemental Savings Plan 401(k) match · 2024
Employer contribution per active participant$796
Median for plans this size$3,635
2024$796 per active participant
2023$638 per active participant
2022$621 per active participant

Bd Ttees Smart National Supplemental Savings Plan's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
JOHN HANCOCK RETIREMENT · Investment management$437,989
SHEET METAL WORKERS NATIONAL PENSIO · Accounting / audit$333,955
MOONEY, GREEN, SAINDON, MURPHY · Legal$64,085
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (plan)$50,000
CALIBRE CPA GROUP PLLC · Accounting / audit$34,300

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$950,998 · 0.63%
2023$907,603 · 0.70%
2022$773,552 · 0.61%
Similar plansConstruction · Virginia
Nvr, Inc. VA$1.3B · 0.00%
M.C. Dean, Inc. VA$475.1M · 0.19%
Hitt Contracting Inc. VA$249.2M · 0.11%
Crc Companies L.L.C. VA$131.6M · 0.02%
The Branch Group Inc VA$121.7M · 0.12%
Stanley Martin Homes, LLC VA$113.6M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311674110 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.