Plan Ledger DOL Form 5500 · updated monthly

Smith & Loveless, Inc.401(k)

SMITH & LOVELESS, INC. PROFIT SHARING PLAN AND TRUST · LENEXA, KS · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Smith & Loveless, Inc. reported $87,733 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $2,064 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 0.01% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 216th-largest of 828 plans among Kansas employers on file, and the 4,493rd of 13,661 in manufacturing. In 2024, employees put in $2.64 for every $1.00 the employer contributed; active participation has grown from 148 to 171 since 2022.

Plan summary
Net assets, end of year$29,965,871
Participants with balances238
Active participants171
Employer contributions$352,918
Employee contributions$933,218
Employer contribution per active participant$2,064
Average account balance$125,907
Benefits paid to participants$1,414,900
Plan auditUnmodified (clean) audit opinion
AuditorHUTCHINS & HAAKE L.L.C.
Plan history3
Yearassets · accounts · employer contribution
2024$30.0M · 238 accts · $353K emplr
2023$27.3M · 220 accts · $291K emplr
2022$22.8M · 204 accts · $191K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$87,733
Total administrative$87,733
The Smith & Loveless, Inc. 401(k) match · 2024
Employer contribution per active participant$2,064
Median for plans this size$2,416
2024$2,064 per active participant
2023$1,563 per active participant
2022$1,290 per active participant

Smith & Loveless, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. 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
NATIONWIDE · Recordkeeping$9,199
TFB ADVISORS, LLC · Investment advisory (plan)$83,750
TAX FAVORED BENEFITS, INC. · Plan administrator$375

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$87,733 · 0.31%
2023$22,884 · 0.09%
2022$1,107 · 0.01%
Same employer
Similar plansManufacturing · Kansas
Hopkins Manufacturing KS$32.2M · 0.27%
Kice Industries, Inc. KS$31.0M · 0.18%
Butler National Corporation KS$30.8M · 0.28%
Wk Holding Company, Inc KS$30.0M · 0.24%
Futamura, USA Inc. KS$29.1M · 0.19%
Airxcel,Inc. KS$29.0M · 0.00%
Tramec LLC KS$28.5M · 0.53%
Sor, Inc. KS$28.0M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480924021 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.