Plan Ledger DOL Form 5500 · updated monthly

Smiledirectclub, LLC401(k)

SMILEDIRECTCLUB 401(K) PLAN · PEARLAND, TX · plan year 2023

Reported admin expense ratio · 2023
0.38%

Smiledirectclub, LLC reported $124,062 in plan administrative expenses for 2023: 0.38% of average plan assets, above the peer median. 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 fell from 0.40% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,416th-largest of 5,688 plans among Texas employers on file, and the 3,824th of 11,654 in professional & technical services. In 2023, employees put in $2.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$33,615,049
Participants with balances1,007
Active participants0
Employer contributions$1,526,021
Employee contributions$4,468,308
Employer contribution per active participant—
Average account balance$33,381
Benefits paid to participants$10,129,381
Plan auditDisclaimer of opinion
AuditorLAW OFFICE OF MATTHEW J. BORROR
Plan history3
Yearassets · accounts · employer contribution
2024$24.8M · 689 accts · $9K emplr
2023$33.6M · 1,007 accts · $1.5M emplr
2022$31.2M · 1,364 accts · $3.2M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$99,062
Investment management$25,000
Total administrative$124,062
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
FIDELITY WORKPLACE SERVICES LLC · Plan administrator · Trustee (discretionary)$99,062
KESTRA INVESTMENT SERVICES, LLC · Investment advisory (plan)$25,000

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

Administrative cost history3
2024$67,584 · 0.23%
2023$124,062 · 0.38%
2022$131,609 · 0.40%
Similar plansProfessional & Technical Services · Texas
Vmg Holdings LLC TX$34.0M · 0.26%
Cse Americas Inc. TX$33.7M · 0.32%
Rewardstyle, Inc. D/B/A Ltk TX$33.3M · 0.45%
2H Offshore Inc TX$33.3M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471363956 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.