Plan Ledger DOL Form 5500 · updated monthly

Smg Services, LLC401(k)

SMG SERVICES, LLC 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Smg Services, LLC reported $29,583 in plan administrative expenses for 2024: 0.36% of average plan assets, below the peer median. Employer contributions averaged $585 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 0.15% to 0.36%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in New York (3,814th of 5,648), and 1,205th of 2,096 in real estate & leasing. In 2024, employees put in $5.27 for every $1.00 the employer contributed; active participation has grown from 221 to 247 since 2022.

Plan summary
Net assets, end of year$8,667,659
Participants with balances172
Active participants247
Employer contributions$144,612
Employee contributions$762,257
Employer contribution per active participant$585
Average account balance$50,393
Benefits paid to participants$879,024
Plan auditUnmodified (clean) audit opinion
AuditorTHE FUOCO GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 172 accts · $145K emplr
2023$7.6M · 171 accts · $140K emplr
2022$6.9M · 177 accts · $137K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,583
Audit (IQPA)$17,000
Total administrative$29,583
The Smg Services, LLC 401(k) match · 2024
Employer contribution per active participant$585
Median for plans this size$1,313
2024$585 per active participant
2023$589 per active participant
2022$620 per active participant

Smg Services, LLC's 2024 employer contribution ran below the $1,313 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 · 20241
JOHN HANCOCK LIFE INSURANCE CO · Recordkeeping · Investment management$2,530

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$29,583 · 0.36%
2023$16,901 · 0.23%
2022$10,934 · 0.15%
Similar plansReal Estate & Leasing · New York
Tvr Communications LLC NY$8.9M · 0.56%
Dawn Homes Management LLC NY$8.6M · 0.15%
Unmb Home Loans Inc. NY$8.4M · 0.90%
The Cabot Group As Agent NY$8.3M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454440186 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.