Plan Ledger DOL Form 5500 · updated monthly

Service Management Group, LLC401(k)

SERVICE MANAGEMENT GROUP 401(K) PLAN · FARMINGTON, MO · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Service Management Group, LLC reported $60,517 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $2,328 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 2 years on file its reported administrative ratio fell from 0.30% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 497th-largest of 1,393 plans among Missouri employers on file, and the 4,563rd of 11,654 in professional & technical services. In 2024, employees put in $5.01 for every $1.00 the employer contributed; active participation has shrunk from 209 to 135 since 2022.

Plan summary
Net assets, end of year$26,436,922
Participants with balances341
Active participants135
Employer contributions$314,234
Employee contributions$1,572,867
Employer contribution per active participant$2,328
Average account balance$77,528
Benefits paid to participants$4,414,204
Plan auditUnmodified (clean) audit opinion
AuditorMARKS NELSON LLC
Plan history3
Yearassets · accounts · employer contribution
2024$26.4M · 341 accts · $314K emplr
2023$24.9M · 337 accts · $197K emplr
2022$25.6M · 409 accts · $471K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,349
Investment management$31,168
Total administrative$60,517
The Service Management Group, LLC 401(k) match · 2024
Employer contribution per active participant$2,328
Median for plans this size$2,416
2024$2,328 per active participant
2023$1,118 per active participant
2022$2,254 per active participant

Service Management Group, LLC's 2024 employer contribution ran below the $2,416 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 · 20243
INTELLICENTS INVESTMENT SOLUTIONS I · Recordkeeping · Trustee$31,167
ADP, INC. · Loan processing · Recordkeeping$29,349
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, INTELLICENTS INVESTMENT SOLUTIONS I
2023ADP, INTELLICENTS INVESTMENT SOLUTIONS I

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Administrative cost history3
2024$60,517 · 0.24%
2023$72,475 · 0.28%
2022$96,095 · 0.30%
Same employer
Similar plansProfessional & Technical Services · Missouri
Huber & Associates, Inc. MO$28.4M · 0.28%
Navvis & Company MO$27.4M · 0.42%
Conexon, LLC MO$27.2M · 0.33%
R.L. Young, LLC MO$26.2M · 0.27%
Carevet Missouri, LLC MO$24.2M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 431910102 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.