Plan Ledger DOL Form 5500 · updated monthly

Smart Infrastructure LLC401(k)

SMART INFRASTRUCTURE GROUP 401(K) PLAN · RIVIERA BEACH, FL · plan year 2023

Reported admin expense ratio · 2023
1.21%

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

Smart Infrastructure LLC reported $42,597 in plan administrative expenses for 2023: 1.21% of average plan assets, higher than ~90% of peers. Employer contributions averaged $940 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 1.09% to 1.21%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Florida (2,723rd of 3,644), and 10,234th of 11,654 in professional & technical services. In 2023, employees put in $3.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,841,663
Participants with balances97
Active participants161
Employer contributions$151,303
Employee contributions$494,329
Employer contribution per active participant$940
Average account balance$39,605
Benefits paid to participants$514,136
Plan auditUnmodified (clean) audit opinion
AuditorPEREZ & CO. FINANCIAL AUDITORS, LLC
Plan history2
Yearassets · accounts · employer contribution
2023$3.8M · 97 accts · $151K emplr
2022$3.2M · 116 accts · $166K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$42,597
Total administrative$42,597
The Smart Infrastructure LLC 401(k) match · 2023
Employer contribution per active participant$940
Median for plans this size$1,308
2023$940 per active participant
2022$1,194 per active participant

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

Service providers · 20232
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$1,738
WILSHIRE ASSOCIATES INC. · Investment advisory (participants)$677

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

Administrative cost history2
2023$42,597 · 1.21%
2022$34,771 · 1.09%
Similar plansProfessional & Technical Services · Florida
Ephonamation.com, Inc. FL$3.9M · 1.44%
Skybridge Resources, LLC FL$3.9M · 1.38%
Ltc Pharma Hldg LLC FL$3.7M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 814246626 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.