Plan Ledger DOL Form 5500 · updated monthly

Smittys Supply, Inc.401(k)

SMITTY'S SUPPLY, INC. 401(K) PLAN · ROSELAND, LA · plan year 2024

Reported admin expense ratio · 2024
0.86%

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

Smittys Supply, Inc. reported $116,509 in plan administrative expenses for 2024: 0.86% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,775 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 0.71% to 0.86%. 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 332nd-largest of 884 plans among Louisiana employers on file, and 7,268th of 13,661 in manufacturing. In 2024, employees put in $1.66 for every $1.00 the employer contributed; active participation has grown from 317 to 359 since 2022.

Plan summary
Net assets, end of year$14,369,760
Participants with balances284
Active participants359
Employer contributions$637,155
Employee contributions$1,055,472
Employer contribution per active participant$1,775
Average account balance$50,598
Benefits paid to participants$1,553,959
Plan auditUnmodified (clean) audit opinion
AuditorWEGMANN DAZET & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$14.4M · 284 accts · $637K emplr
2023$12.8M · 287 accts · $588K emplr
2022$10.7M · 264 accts · $526K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$116,509
Total administrative$116,509
The Smittys Supply, Inc. 401(k) match · 2024
Employer contribution per active participant$1,775
Median for plans this size$2,416
2024$1,775 per active participant
2023$1,731 per active participant
2022$1,659 per active participant

Smittys Supply, 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 · 20244
TRANSAMERICA RETIREMENT SOLUTIONS, · Recordkeeping · Loan processing$85,853
THE HASLAUER GROUP, INC. · Recordkeeping · Loan processing$22,750
LEAFHOUSE FINANCIAL ADVISORS · Investment advisory (plan)$7,906
MML INVESTORS SERVICES, LLC · Insurance broker · Insurance servicesindirect 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
2024THE HASLAUER GROUP, INC., Transamerica
2023THE HASLAUER GROUP, INC., Transamerica

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Administrative cost history3
2024$116,509 · 0.86%
2023$87,842 · 0.75%
2022$80,468 · 0.71%
Same employer
Similar plansManufacturing · Louisiana
Lula-Westfield, L.L.C. LA$15.5M · 0.40%
Pepper Source, LTD. LA$15.0M · 0.76%
Dsc Dredge, LLC LA$14.4M · 0.63%
Mid South Extrusion, Inc LA$13.9M · 0.38%
Brask, Inc. LA$13.7M · 0.39%
Gravois Aluminum Boats, LLC LA$11.2M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 721000182 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.