Plan Ledger DOL Form 5500 · updated monthly

Sml (USA), Inc.401(k)

SML (USA) INC. 401(K) PLAN · SECAUCUS, NJ · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Sml (USA), Inc. reported $77,808 in plan administrative expenses for 2024: 0.59% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,854 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 3 years on file its reported administrative ratio has held roughly steady near 0.594%. 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 among the smaller plans on file in New Jersey (1,310th of 2,419), and 7,468th of 13,661 in manufacturing. In 2024, employees put in $3.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,751,646
Participants with balances135
Active participants121
Employer contributions$224,332
Employee contributions$857,419
Employer contribution per active participant$1,854
Average account balance$101,864
Benefits paid to participants$1,665,926
Plan auditUnmodified (clean) audit opinion
AuditorOUELLETTE & ASSOCIATES PA
Plan history3
Yearassets · accounts · employer contribution
2024$13.8M · 135 accts · $224K emplr
2023$12.4M · 138 accts · $242K emplr
2022$9.9M · 146 accts · $236K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,802
Investment management$42,006
Total administrative$77,808
The Sml (USA), Inc. 401(k) match · 2024
Employer contribution per active participant$1,854
Median for plans this size$2,416
2024$1,854 per active participant
2023$2,087 per active participant
2022$1,900 per active participant

Sml (USA), 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$35,802
BLEAKLEY FINANCIAL GROUP LLC · Investment advisory (plan)$33,189
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$8,818

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$77,808 · 0.59%
2023$66,454 · 0.60%
2022$64,248 · 0.59%
Similar plansManufacturing · New Jersey
Delco Apparel LLC NJ$14.1M · 0.40%
Merlin Industries, Inc. NJ$13.9M · 0.25%
Colart Americas, Inc. NJ$13.7M · 0.43%
Coim USA, Inc. NJ$13.3M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222950838 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.