Plan Ledger DOL Form 5500 · updated monthly

Smithville Telephone Company, Inc.401(k)

SMITHVILLE TELEPHONE COMPANY, INC. 401(K) SAVINGS PLAN · ELLETTSVILLE, IN · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Smithville Telephone Company, Inc. reported $22,042 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $1,595 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 0.26% to 0.27%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Indiana (946th of 1,562), and 1,589th of 2,199 in information & media. In 2024, employees put in $2.93 for every $1.00 the employer contributed; active participation has grown from 144 to 170 since 2022.

Plan summary
Net assets, end of year$8,798,404
Participants with balances231
Active participants170
Employer contributions$271,100
Employee contributions$795,406
Employer contribution per active participant$1,595
Average account balance$38,088
Benefits paid to participants$781,167
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.8M · 231 accts · $271K emplr
2023$7.4M · 223 accts · $236K emplr
2022$6.1M · 206 accts · $161K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,125
Investment management$19,917
Total administrative$22,042
The Smithville Telephone Company, Inc. 401(k) match · 2024
Employer contribution per active participant$1,595
Median for plans this size$1,313
2024$1,595 per active participant
2023$1,475 per active participant
2022$1,121 per active participant

Smithville Telephone Company, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20241
HURLOW WEALTH MANAGEMENT GROUP · Investment advisory (plan)$19,917

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$22,042 · 0.27%
2023$17,866 · 0.26%
2022$17,340 · 0.26%
Same employer
Similar plansInformation & Media · Indiana
Onecause, Inc. IN$14.5M · 0.25%
Author Solutions, LLC IN$6.7M · 0.02%
Zylo, Inc. IN$6.0M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350666710 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.