Plan Ledger DOL Form 5500 · updated monthly

Smartronix, LLC401(k)

SMX 401(K) PLAN · HOLLYWOOD, MD · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Smartronix, LLC reported $384,264 in plan administrative expenses for 2024: 0.26% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,142 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 3 years on file its reported administrative ratio has held roughly steady near 0.26%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 102nd-largest of 1,671 plans among Maryland employers on file, and the 937th of 11,654 in professional & technical services. In 2024, employees put in $1.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$169,839,465
Participants with balances1,756
Active participants1,333
Employer contributions$6,853,696
Employee contributions$12,247,842
Employer contribution per active participant$5,142
Average account balance$96,720
Benefits paid to participants$18,101,302
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$169.8M · 1,756 accts · $6.9M emplr
2023$130.6M · 1,627 accts · $6.4M emplr
2022$106.7M · 1,573 accts · $5.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$384,264
Total administrative$384,264
The Smartronix, LLC 401(k) match · 2024
Employer contribution per active participant$5,142
Median for plans this size$3,635
2024$5,142 per active participant
2023$4,904 per active participant
2022$4,306 per active participant

Smartronix, LLC's 2024 employer contribution ran above the $3,635 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
TRANSAMERICA FINANCIAL LIFE INS CO. · Recordkeeping · Loan processing$171,145
FUTUREPLAN BY ASCENSUS · Recordkeeping · Loan processingindirect comp
MERRILL LYNCH LIFE AGENCY, INC. · Investment advisory (plan)$105,259

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

Recordkeeper by year2
2024Ascensus, Transamerica
2023Newport (Ascensus), Transamerica

This plan has changed recordkeepers within these filings. If you left Smartronix, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$384,264 · 0.26%
2023$338,345 · 0.29%
2022$298,467 · 0.27%
Similar plansProfessional & Technical Services · Maryland
Miles & Stockbridge P.C. MD$195.4M · 0.05%
Gp Strategies Corporation MD$185.5M · 0.21%
Cystic Fibrosis Foundation MD$175.4M · 0.07%
J.F. Taylor, Inc. MD$169.3M · 0.10%
Client Network Services, LLC MD$164.7M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521922012 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.