Plan Ledger DOL Form 5500 · updated monthly

Soil and Materials Engineers, Inc.401(k)

SME EMPLOYEES' SAVINGS PLAN AND TRUST · PLYMOUTH, MI · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Soil and Materials Engineers, Inc. reported $136,024 in plan administrative expenses for 2024: 0.17% of average plan assets, above the peer median. Employer contributions averaged $5,451 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 0.02% to 0.17%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 340th-largest of 2,619 plans among Michigan employers on file, and the 1,777th of 11,654 in professional & technical services. In 2024, employees put in $1.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$83,538,860
Participants with balances434
Active participants349
Employer contributions$1,902,510
Employee contributions$3,584,885
Employer contribution per active participant$5,451
Average account balance$192,486
Benefits paid to participants$6,440,698
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$83.5M · 434 accts · $1.9M emplr
2023$72.3M · 420 accts · $1.4M emplr
2022$57.7M · 409 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,275
Investment management$76,749
Total administrative$136,024
The Soil and Materials Engineers, Inc. 401(k) match · 2024
Employer contribution per active participant$5,451
Median for plans this size$3,635
2024$5,451 per active participant
2023$3,943 per active participant
2022$4,786 per active participant

Soil and Materials Engineers, Inc.'s 2024 employer contribution ran above the $3,635 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
CAPFINANCIAL PARTNERS LLC · Investment advisory (plan)$57,861
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$18,887
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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$136,024 · 0.17%
2023$11,640 · 0.02%
2022$9,909 · 0.02%
Same employer
Similar plansProfessional & Technical Services · Michigan
Plunkett Cooney, P.C. MI$87.2M · 0.22%
Wade Trim Group, Inc. MI$87.0M · 0.16%
Fev North America, Inc MI$83.6M · 0.25%
Escalent, Inc. MI$80.6M · 0.12%
Altarum Institute MI$79.9M · 0.14%
Ricardo, Inc. MI$77.6M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381738670 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.