Plan Ledger DOL Form 5500 · updated monthly

Sportsmedia Technology Corporation401(k)

SMT 401(K) PLAN · DURHAM, NC · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Sportsmedia Technology Corporation reported $80,108 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $2,189 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 0.21%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 440th-largest of 2,005 plans among North Carolina employers on file, and the 3,251st of 11,654 in professional & technical services. In 2024, employees put in $3.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$40,862,986
Participants with balances554
Active participants453
Employer contributions$991,741
Employee contributions$2,970,882
Employer contribution per active participant$2,189
Average account balance$73,760
Benefits paid to participants$4,356,789
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$40.9M · 554 accts · $992K emplr
2023$35.7M · 531 accts · $546K emplr
2022$28.6M · 481 accts · $231K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,471
Investment management$56,637
Total administrative$80,108
The Sportsmedia Technology Corporation 401(k) match · 2024
Employer contribution per active participant$2,189
Median for plans this size$2,416
2024$2,189 per active participant
2023$1,192 per active participant
2022$521 per active participant

Sportsmedia Technology Corporation'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 · 20242
SUMMIT FINANCIAL LLC · Investment advisory (participants) · Investment advisory (plan)$56,637

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$80,108 · 0.21%
2023$7,928 · 0.02%
2022$4,965 · 0.02%
Same employer
Similar plansProfessional & Technical Services · North Carolina
Corvid Holdings, Inc. NC$44.1M · 0.04%
The Select Group, LLC NC$43.3M · 0.41%
Brightly Software, Inc NC$43.1M · 0.16%
Rcr Enterprises, LLC NC$39.0M · 0.27%
Medcost, LLC NC$38.9M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521693107 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.