Smith and Keene Electric Service Inc.401(k)
SMITH AND KEENE 401(K) PLAN · CHESAPEAKE, VA · plan year 2023
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Smith and Keene Electric Service Inc. reported $11,383 in plan administrative expenses for 2023: 1.51% of average plan assets, above the peer median. Employer contributions averaged $214 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 rose from 1.39% to 1.51%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Virginia (2,188th of 2,266), and 5,139th of 5,337 in construction. In 2023, employees put in $6.47 for every $1.00 the employer contributed.
Smith and Keene Electric Service Inc.'s 2023 employer contribution ran below the $522 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 540629299 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.