Plan Ledger DOL Form 5500 · updated monthly

Smk Business Center LLC dba Capitol Bridge Health Services401(k)

CAPITOL BRIDGE HEALTH SERVICES 401(K) PLAN · PORTSMOUTH, VA · plan year 2024

Reported admin expense ratio · 2024
8.39%

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

Smk Business Center LLC dba Capitol Bridge Health Services reported $78,580 in plan administrative expenses for 2024: 8.39% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,071 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.

The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Virginia (2,141st of 2,266), and 3,006th of 3,341 in other services. In 2024, the employer put in $2.70 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$1,314,589
Participants with balances1,004
Active participants837
Employer contributions$896,715
Employee contributions$332,580
Employer contribution per active participant$1,071
Average account balance$1,309
Benefits paid to participants$401,560
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,580
Total administrative$78,580
The Smk Business Center LLC dba Capitol Bridge Health Services 401(k) match · 2024
Employer contribution per active participant$1,071
Median for plans this size$540

Smk Business Center LLC dba Capitol Bridge Health Services's 2024 employer contribution ran above the $540 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
BENCHMARK RETIREMENT PLAN SERVICES · Contract administrator$27,089

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

Administrative cost history1
2024$78,580 · 8.39%
Same employer
Similar plansOther Services · Virginia
Airlie Foundation VA$2.8M · 1.09%
Pf Hampton Roads, LLC VA$2.4M · 0.36%
Cb Squared Services, Inc. VA$1.3M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 463114143 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.