Plan Ledger DOL Form 5500 · updated monthly

Fort Smith 3, Inc.401(k)

HADLEY 401(K) PLAN · FT. SMITH, AR · plan year 2023

Reported admin expense ratio · 2023
1.36%

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

Fort Smith 3, Inc. reported $32,545 in plan administrative expenses for 2023: 1.36% of average plan assets, higher than ~90% of peers. Employer contributions averaged $207 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 1 year on file its reported administrative ratio fell from 2.01% to 1.36%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Arkansas (379th of 456), and 1,291st of 2,240 in accommodation & food services. In 2023, employees put in $7.96 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,578,083
Participants with balances182
Active participants172
Employer contributions$35,551
Employee contributions$282,908
Employer contribution per active participant$207
Average account balance$14,165
Benefits paid to participants$224,000
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $34K emplr
2023$2.6M · 182 accts · $36K emplr
2022$2.2M · 200 accts · $31K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$15,230
Investment management$12,065
Audit (IQPA)$5,250
Total administrative$32,545
The Fort Smith 3, Inc. 401(k) match · 2023
Employer contribution per active participant$207
Median for plans this size$1,308
2023$207 per active participant
2022$180 per active participant

Fort Smith 3, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
GALLAGHER BENEFIT SERVICES INC DBA · Investment advisory (plan)$10,185
BKD LLP · Accounting / audit$5,250
EMPOWER ADVISORY GROUP, LLC · Investment management$1,880

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

Administrative cost history3
2024Not separately reported
2023$32,545 · 1.36%
2022$54,381 · 2.01%
Similar plansAccommodation & Food Services · Arkansas
Fowler Foods, Inc. AR$3.8M · 1.28%
Hospitality Group, LLC AR$3.6M · 0.74%
Mathews Management Inc. AR$3.5M · 0.10%
U.S. Pizza Co., Inc. AR$2.5M · 0.62%
Dyne Operating, LLC AR$1.2M · 0.57%
K-Mac Enterprises, Inc. AR$508K · 1.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630731784 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.