Plan Ledger DOL Form 5500 · updated monthly

Smile Business Products, Inc.401(k)

SMILE BUSINESS PRODUCTS, INC. 401(K) PLAN · SACRAMENTO, CA · plan year 2023

Reported admin expense ratio · 2023
0.11%

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

Smile Business Products, Inc. reported $8,633 in plan administrative expenses for 2023: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $636 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 fell from 0.18% to 0.11%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in California (5,879th of 9,483), and 2,930th of 5,215 in retail trade. In 2023, employees put in $5.65 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,524,853
Participants with balances98
Active participants98
Employer contributions$62,339
Employee contributions$352,200
Employer contribution per active participant$636
Average account balance$86,988
Benefits paid to participants$1,054,838
Plan auditUnmodified (clean) audit opinion
AuditorBFBA,LLP
Plan history2
Yearassets · accounts · employer contribution
2023$8.5M · 98 accts · $62K emplr
2022$7.7M · 108 accts · $63K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$8,633
Total administrative$8,633
The Smile Business Products, Inc. 401(k) match · 2023
Employer contribution per active participant$636
Median for plans this size$1,308
2023$636 per active participant
2022$720 per active participant

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

Service providers · 20232
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Loan processing$8,297
NORTHWESTERN MUTUAL WM · Consultingindirect comp

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$8,633 · 0.11%
2022$15,805 · 0.18%
Similar plansRetail Trade · California
Pacific Best Inc. CA$8.7M · 0.45%
Valley Motors, Inc. CA$8.7M · 0.40%
Putnam Automotive, Inc. CA$8.6M · 0.14%
Keslow Camera, Inc. CA$8.5M · 1.03%
Dalton Motors Sd, LLC CA$8.4M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911807857 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.