Plan Ledger DOL Form 5500 · updated monthly

Sma Healthcare, Inc.403(b)

SMA HEALTHCARE, INC. 403(B) PLAN · DAYTONA BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Sma Healthcare, Inc. reported $70,081 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $1,279 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 0.35% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 927th-largest of 3,644 plans among Florida employers on file, and the 848th of 3,341 in other services. In 2024, employees put in $1.75 for every $1.00 the employer contributed; active participation has grown from 966 to 1,080 since 2022.

Plan summary
Net assets, end of year$25,593,866
Participants with balances977
Active participants1,080
Employer contributions$1,381,173
Employee contributions$2,417,492
Employer contribution per active participant$1,279
Average account balance$26,196
Benefits paid to participants$3,218,903
Plan auditUnmodified (clean) audit opinion
AuditorJAMES MOORE
Plan history3
Yearassets · accounts · employer contribution
2024$25.6M · 977 accts · $1.4M emplr
2023$22.5M · 937 accts · $1.1M emplr
2022$19.5M · 827 accts · $954K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$70,081
Total administrative$70,081
Employer contributions to the Sma Healthcare, Inc. plan · 2024
Employer contribution per active participant$1,279
Median for plans this size$2,416
2024$1,279 per active participant
2023$1,030 per active participant
2022$988 per active participant

Sma Healthcare, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$70,080
RAYMOND JAMES FIN SVCS ADVISORS · Investment advisory (plan)indirect comp

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$70,081 · 0.29%
2023$65,546 · 0.31%
2022$63,158 · 0.35%
Same employer
Similar plansOther Services · Florida
Softserve, Inc. FL$25.9M · 0.41%
Reimagined Parking, Inc FL$24.6M · 0.29%
American Welding Society FL$24.6M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 590976866 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.