Plan Ledger DOL Form 5500 · updated monthly

William C. Smith & Co.401(k)

WILLIAM C. SMITH & CO. 401(K) PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

William C. Smith & Co. reported $167,798 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,102 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 0.47% to 0.51%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 226th-largest of 618 plans among District of Columbia employers on file, and the 392nd of 2,096 in real estate & leasing. In 2024, employees put in $5.17 for every $1.00 the employer contributed; active participation has shrunk from 476 to 421 since 2022.

Plan summary
Net assets, end of year$35,368,457
Participants with balances516
Active participants421
Employer contributions$464,075
Employee contributions$2,400,137
Employer contribution per active participant$1,102
Average account balance$68,544
Benefits paid to participants$2,802,198
Plan auditUnmodified (clean) audit opinion
AuditorCOHNREZNICK ADVISORY LLC
Plan history3
Yearassets · accounts · employer contribution
2024$35.4M · 516 accts · $464K emplr
2023$29.9M · 538 accts · $461K emplr
2022$27.0M · 553 accts · $463K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$167,798
Total administrative$167,798
The William C. Smith & Co. 401(k) match · 2024
Employer contribution per active participant$1,102
Median for plans this size$2,416
2024$1,102 per active participant
2023$1,024 per active participant
2022$973 per active participant

William C. Smith & Co.'s 2024 employer contribution ran below the $2,416 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$167,798
MORGAN STANLEY GLOBAL · Investment advisory (plan)indirect 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$167,798 · 0.51%
2023$141,347 · 0.50%
2022$143,110 · 0.47%
Same employer
Similar plansReal Estate & Leasing · District of Columbia
Madison Realty Corporation DC$50.8M · 0.08%
Urban Land Institute DC$36.5M · 0.23%
The John Akridge Company DC$35.1M · 0.46%
Rga, Inc. DC$29.1M · 0.38%
Rise Companies Corp. DC$26.6M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521092879 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.