Plan Ledger DOL Form 5500 · updated monthly

Kss Acquisition Sales & Services, LLC dba Smith Industries LLC401(k)

SMITH INDUSTRIES 401(K) PLAN · MIDLAND, TX · plan year 2024

Reported admin expense ratio · 2024
1.71%

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

Kss Acquisition Sales & Services, LLC dba Smith Industries LLC reported $33,565 in plan administrative expenses for 2024: 1.71% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,181 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 rose from 1.03% to 1.71%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Texas (4,830th of 5,688), and 12,716th of 13,661 in manufacturing. In 2024, employees put in $1.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,234,329
Participants with balances120
Active participants117
Employer contributions$255,198
Employee contributions$466,262
Employer contribution per active participant$2,181
Average account balance$18,619
Benefits paid to participants$414,915
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$2.2M · 120 accts · $255K emplr
2023$1.7M · 105 accts · $197K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,083
Total administrative$33,565
The Kss Acquisition Sales & Services, LLC dba Smith Industries LLC 401(k) match · 2024
Employer contribution per active participant$2,181
Median for plans this size$1,313
2024$2,181 per active participant
2023$1,758 per active participant

Kss Acquisition Sales & Services, LLC dba Smith Industries LLC's 2024 employer contribution ran above the $1,313 median for plans its size. 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 · 20242
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$2,848
PENSION PLANNING CONSULTANTS INC · Claims processing · Loan processing$7,083

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$33,565 · 1.71%
2023$17,380 · 1.03%
Same employer
Similar plansManufacturing · Texas
Quest USA Inc TX$2.3M · 1.22%
Stanpac USA, LLC TX$2.2M · 1.20%
Axion Logistics, LLC TX$2.2M · 1.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202289508 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.