Plan Ledger DOL Form 5500 · updated monthly

Smartthings, Inc.401(k)

SMARTTHINGS 401(K) PLAN · MOUNTAIN VIEW, CA · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Smartthings, Inc. reported $93,726 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $4,971 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 rose from 0.23% 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 1,984th-largest of 9,483 plans among California employers on file, and the 3,086th of 11,654 in professional & technical services. In 2024, employees put in $3.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$43,553,447
Participants with balances335
Active participants242
Employer contributions$1,203,058
Employee contributions$4,201,368
Employer contribution per active participant$4,971
Average account balance$130,010
Benefits paid to participants$3,363,720
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$43.6M · 335 accts · $1.2M emplr
2023$34.9M · 333 accts · $1.3M emplr
2022$24.7M · 337 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,859
Investment management$49,867
Total administrative$93,726
The Smartthings, Inc. 401(k) match · 2024
Employer contribution per active participant$4,971
Median for plans this size$2,416
2024$4,971 per active participant
2023$5,648 per active participant
2022$4,506 per active participant

Smartthings, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20243
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$65,161
SILICON VALLEY RETIREMENT SERV · Investment management$28,465
CHARLES SCHWAB & CO., INC. · Securities brokerage$74

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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Administrative cost history3
2024$93,726 · 0.24%
2023$67,444 · 0.23%
2022$59,136 · 0.23%
Similar plansProfessional & Technical Services · California
Sutro Biopharma, Inc. CA$43.9M · 0.25%
Brayton Purcell, LLP CA$43.7M · 0.15%
Wave Computing CA$43.6M · 0.18%
Newmeyer & Dillion, LLP CA$43.5M · 0.44%
Mercury Technologies, Inc CA$43.3M · 0.07%
Canvas Worldwide LLC CA$43.1M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 455180832 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.