Plan Ledger DOL Form 5500 · updated monthly

Smith & Wesson Brands, Inc.401(k)

SMITH & WESSON BRANDS, INC. PROFIT SHARING AND INVESTMENT PLAN · SPRINGFIELD, MA · plan year 2023

Reported admin expense ratio · 2023
0.13%

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

Smith & Wesson Brands, Inc. reported $326,705 in plan administrative expenses for 2023: 0.13% of average plan assets, below the peer median. Employer contributions averaged $7,779 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 fell from 0.12% to 0.10%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other manufacturing employers. By assets it is the 207th-largest of 2,726 plans among Massachusetts employers on file, and the 967th of 13,661 in manufacturing. In 2023, the employer put in $1.60 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$259,623,952
Participants with balances2,495
Active participants1,506
Employer contributions$11,715,599
Employee contributions$7,337,357
Employer contribution per active participant$7,779
Average account balance$104,058
Benefits paid to participants$27,487,251
Plan auditUnmodified (clean) audit opinion
AuditorMEYERS BROTHERS KALICKA, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$256.9M · 2,393 accts · $7.0M emplr
2023$259.6M · 2,495 accts · $11.7M emplr
2022$238.5M · 2,508 accts · $11.1M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$220,705
Investment management$87,500
Audit (IQPA)$18,500
Total administrative$326,705
The Smith & Wesson Brands, Inc. 401(k) match · 2023
Employer contribution per active participant$7,779
Median for plans this size$3,659
2024$4,971 per active participant
2023$7,779 per active participant
2022$7,018 per active participant

Smith & Wesson Brands, Inc.'s 2023 employer contribution ran above the $3,659 median for plans its size, placing it in the top 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 · 20234
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$220,705
MORGAN STANLEY · Investment advisory (plan)$87,500
MEYERS BROTHERS KALICKA, PC · Accounting / audit$18,500
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$257,468 · 0.10%
2023$326,705 · 0.13%
2022$294,531 · 0.12%
Same employer
Similar plansManufacturing · Massachusetts
Spectris, Inc. MA$274.6M · 0.16%
Mexichem USA, Inc. MA$271.3M · 0.10%
Axcelis Technologies, Inc. MA$271.2M · 0.06%
Cognex Corporation MA$259.7M · 0.11%
Insulet Corporation MA$250.4M · 0.19%
Avid Technology, Inc. MA$241.6M · 0.01%
Babcock Power Inc. MA$224.7M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870543688 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.