Plan Ledger DOL Form 5500 · updated monthly

Sms Holdings Corp.401(k)

SMS HOLDINGS CORP. 401(K) SAVINGS PLAN · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
1.54%

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

Sms Holdings Corp. reported $123,657 in plan administrative expenses for 2024: 1.54% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2 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 fell from 1.65% to 1.54%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Tennessee (892nd of 1,496), and the 1,100th of 2,534 in administrative & support services. In 2024, employees put in $173.22 for every $1.00 the employer contributed; active participation has grown from 3,330 to 4,006 since 2022.

Plan summary
Net assets, end of year$8,563,878
Participants with balances727
Active participants4,006
Employer contributions$9,425
Employee contributions$1,632,617
Employer contribution per active participant$2
Average account balance$11,780
Benefits paid to participants$1,638,728
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.6M · 727 accts · $9K emplr
2023$7.5M · 703 accts · $9K emplr
2022$5.9M · 652 accts · $8K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$97,458
Investment management$26,199
Total administrative$123,657
The Sms Holdings Corp. 401(k) match · 2024
Employer contribution per active participant$2
Median for plans this size$1,313
2024$2 per active participant
2023$2 per active participant
2022$2 per active participant

Sms Holdings Corp.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
ADP, INC. · Loan processing · Recordkeeping$97,457
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$26,198
ADP BROKER-DEALER · Other 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
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$123,657 · 1.54%
2023$112,060 · 1.67%
2022$98,204 · 1.65%
Same employer
Similar plansAdministrative & Support Services · Tennessee
Lumina Foods, LLC TN$13.2M · 0.61%
Hctec Partners TN$10.4M · 0.92%
Frost-Arnett Company TN$9.1M · 0.51%
United Tn Holdings, Inc. TN$8.4M · 0.46%
Key Rehabilitation Inc TN$8.0M · 0.55%
Hri Holdings, Inc. TN$5.9M · 0.10%
Data Facts, Inc. TN$5.2M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260050650 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.