Plan Ledger DOL Form 5500 · updated monthly

Smoky Mountain Knife Works Inc401(k)

SMOKY MOUNTAIN KNIFE WORKS INC. 401K PS PLAN · SEVIERVILLE, TN · plan year 2023

Reported admin expense ratio · 2023
0.73%

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

Smoky Mountain Knife Works Inc reported $17,483 in plan administrative expenses for 2023: 0.73% of average plan assets, above the peer median. Employer contributions averaged $307 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 1 year on file its reported administrative ratio rose from 0.64% to 0.73%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Tennessee (1,266th of 1,496), and 4,503rd of 5,215 in retail trade. In 2023, employees put in $2.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,555,377
Participants with balances111
Active participants181
Employer contributions$55,635
Employee contributions$140,248
Employer contribution per active participant$307
Average account balance$23,021
Benefits paid to participants$243,750
Plan auditUnmodified (clean) audit opinion
AuditorELLIOT DAVIS
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $27K emplr
2023$2.6M · 111 accts · $56K emplr
2022$2.3M · 104 accts · $50K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$9,300
Investment management$8,183
Total administrative$17,483
The Smoky Mountain Knife Works Inc 401(k) match · 2023
Employer contribution per active participant$307
Median for plans this size$1,308
2023$307 per active participant
2022$270 per active participant

Smoky Mountain Knife Works Inc's 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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 · 20232
CAPITAL GROUP RETIREMENT PLAN SERV.$9,300
HOME FEDERAL BANK OF TENNESSEE · Investment advisory (plan)$8,183

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

Administrative cost history3
2024Not separately reported
2023$17,483 · 0.73%
2022$15,603 · 0.64%
Same employer
Similar plansRetail Trade · Tennessee
Assemblers, Inc. TN$2.8M · 0.12%
Sunrise Buick Gmc, Inc. TN$2.6M · 1.29%
Trivium Healthcare LLC TN$2.4M · 0.11%
Miracle Ford, Inc. TN$2.3M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621117030 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.