Plan Ledger DOL Form 5500 · updated monthly

Smart Ims401(k)

SMART IMS 401(K) PLAN · PLAINSBORO, NJ · plan year 2024

Reported admin expense ratio · 2024
0.46%

Smart Ims reported $10,296 in plan administrative expenses for 2024: 0.46% of average plan assets, below the peer median. 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 6 years on file its reported administrative ratio fell from 1.30% to 0.46%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New Jersey (2,097th of 2,419), and 10,718th of 11,654 in professional & technical services. active participation has grown from 147 to 166 since 2018.

Plan summary
Net assets, end of year$2,476,595
Participants with balances65
Active participants166
Employer contributions—
Employee contributions$491,193
Employer contribution per active participant—
Average account balance$38,101
Benefits paid to participants$209,546
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP
Plan history7
Yearassets · accounts · employer contribution
2024$2.5M · 65 accts
2023$2.0M · 102 accts
2022$1.5M · 102 accts
2021$1.5M · 92 accts
2020$1.2M · 86 accts
2019$850K · 84 accts
2018$554K · 77 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,296
Total administrative$10,296
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
ADP, INC. · Recordkeeping$10,295
ADP BROKER-DEALER · Other servicesindirect 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
2023ADP

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Administrative cost history7
2024$10,296 · 0.46%
2023$8,695 · 0.50%
2022$7,670 · 0.50%
2021$7,302 · 0.53%
2020$7,214 · 0.71%
2019$6,604 · 0.94%
2018$6,942 · 1.30%
Similar plansProfessional & Technical Services · New Jersey
Gdb International Inc NJ$2.8M · 0.69%
Lenfam Management Company NJ$2.6M · 0.47%
Devon Rex Vets PC NJ$2.4M · 0.42%
IT America NJ$2.3M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223337602 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.