Smart Source
other10 known aliases resolved via the canonical alias map
Market position · 2024
Plans served40+4 YoYRank #458 of mapped providers
Assets under administration$24.5B0.0%Market share · rank #556
Fees received$1MMedian $19,987/planSum across Schedule C direct + indirect
Net wins YoY+513 won · 8 lostPlan-level switch detection
Plans served · 5-year trajectory
Market-share plans percent annotated. Bar height is raw plan count.
Customer-base shape
What does a typical Smart Source plan look like?
Service mix · median fees per plan
Count of plans where Smart Source ships each service code, and the median compensation they report under it.
| Service | Plans | Median fees | Distribution |
|---|---|---|---|
Participant communication; Copying and duplicatingCode 36 | 31 | $20,218 | |
Other services; Direct payment from the planCode 49 | 8 | $14,489 | |
Legal; Direct payment from the planCode 29 | 1 | $73,562 |
Competitor overlap
Percent of Smart Source's plans that also list each competitor on Schedule C. High numbers = co-living partners; low numbers = direct displacement targets.
Plans won in 2024
Appeared this year; did not appear last year under Smart Source.
| Sponsor | From | Assets |
|---|---|---|
BOARD OF TRUSTEES GCIU-EMPLOYER RETIREMENT BENEFIT PLANWA · 916024903-001 | Kaye Smith Enterprises Inc. | $1.8B |
BOARD OF TRUSTEES INDIANA/KENTUCKY/OHIO REGIONAL COUNCIL CARPENTERS PEMI · 516123713-001 | American Graphics Printing Co. | $1.6B |
B OF T, NORTHWEST SHEET METAL WORKERS PENSION PLANOR · 916061344-001 | Ryan Labs | $1.5B |
BOARD OF TRUSTEES INDIANA STATE COUNCIL OF CARPENTERS PENSION FUNDMI · 356060378-001 | Morgan Stanley | $1.3B |
BOT, WA STATE PLUMBING AND PIPEFITTING INDUSTRY PENSION PLANWA · 916029141-001 | Barlow Coughran Morales & Josephson | $1.3B |
BOARD OF TRUSTEES OF CALIFORNIA TEACHERS ASSOC EMPLOYEES RETIREMENTCA · 680427229-001 | Benesys Administrators, Inc. | $422M |
BOARD OF TRUSTEES, IBU OF THE PACIFIC NATIONALOR · 930792184-001 | Joseph H. Herrle & Associates | $281M |
BOARD OF TRUSTEES, ALASKA PLUMBING & PIPEFITTING INDUSTRY PENSION PLANOR · 526103810-001 | Barlow Coughran Morales & Josephson | $192M |
BOT OF SOLANO-NAPA COUNTIES ELECTRIC WORKERS PTCA · 946220673-001 | Benesys Administrators, Inc. | $153M |
JT. BOARD OF TRUSTEES - CMTA-GMPP & ALLIED WORKERS LOCAL 164B PENSIONCA · 946129501-001 | Benesys, Inc. | $112M |
Plans lost in 2024
Appeared last year under Smart Source; not this year.
| Sponsor | To | Assets |
|---|---|---|
BOT OF IUOE STATIONARY ENGINEERS LOCAL 39 PENSION PLANCA · 946118939-001 | Health Services & Benefit Administration | $1.8B |
BOARD OF TRUSTEES, EIGHTH DISTRICT ELECTRICAL PENSIONNV · 846100393-002 | Empower | $981M |
BOARD OF TRUSTEES, B.A.C. LOCAL NO. 3 PENSION TRUSTCA · 900888690-001 | Benesys, Inc. | $168M |
BOARD OF TRUSTEES, IDAHO PLUMBERS AND PIPEFITTERS PENSION PLANOR · 826010346-001 | Benesys, Inc. | $150M |
BOARD OF TRUSTEES, STEELWORKERS WESTERN INDEPENDENTCA · 900169564-001 | SEI Investments | $111M |
BOARD OF TRUSTEES OF INDUSTRIAL CARPENTERS AND PRECAST PENSION PLANCA · 946284211-001 | Alan Biller & Associates | $103M |
BOARD OF TRUSTEES OF SOLANO/NAPA COUNTIES ELECTRICAL WORKERS PROFITCA · 946220673-002 | NWPS Inc. | $46M |
Top plans by assets
Searchable full list lands with the commercial layer.
| Plan | Assets | Participants | Fees | Tenure | Flags |
|---|---|---|---|---|---|
BOARD OF TRUSTEES, WESTERN UNITE HERE AND EMPLOYERSCA · 934160766-001 | $3.7B | 154,012 | $149,168 | 1y | - |
BOARD OF TRUSTEES GCIU-EMPLOYER RETIREMENT BENEFIT PLANWA · 916024903-001 | $1.8B | 37,126 | $41,490 | 1y | - |
B OF T, NORTHWEST SHEET METAL WORKERS PENSION PLANOR · 916061344-001 | $1.7B | 9,374 | $40,520 | 2y | - |
SHEET METAL WORKERS PENSION TRUSTCA · 516115939-001 | $1.6B | 12,741 | $73,562 | 4y | - |
BOARD OF TRUSTEES INDIANA STATE COUNCIL OF CARPENTERS PENSION FUNDMI · 356060378-001 | $1.4B | 17,170 | $6,517 | 2y | - |
BOARD OF TRUSTEES OF SMART, SHEET METAL WORKERS LOCAL 104 SUP PENSIONCA · 946560138-001 | $1.3B | 9,367 | $90,373 | 4y | 1 |
BOT, WA STATE PLUMBING AND PIPEFITTING INDUSTRY PENSION PLANWA · 916029141-001 | $1.3B | 10,360 | $17,937 | 1y | - |
BOARD OF TRUSTEES OF THE U.A. LOCAL NO. 393 DEFINED BENEFIT PENSIONCA · 946359772-002 | $1.0B | 3,823 | $38,277 | 3y | - |
BOARD OF TRUSTEES, IBEW LOCAL 332 PENSION PLAN PART BCA · 516105118-005 | $886M | 4,145 | $60,501 | 2y | 1 |
BOARD OF TRUSTEES, U.A. LOCAL 467 PENSION TRUSTCA · 942353807-005 | $859M | 1,960 | $10,614 | 2y | - |
Flag exposure
90.0%Market: 89.1%
This provider
Market baseline
Share of this provider's plans tripping any deterministic red flag this year. Lower than market baseline = better risk surface.
Aliases resolved (10)
Raw Schedule C names collapsed into Smart Source.
- INNVOATIVE SOFTWARE SOLUTIONS INC
- SMART SOURCE
- SMART SOURCE CRITICAL COMM LLC
- SMART SOURCE CRITICAL COMMUNICATION
- SMART SOURCE LLC
- SMART SOURCE OF BOSTON, LLC
- SMART SOURCE OF MASSACHUSETTS, LLC
- SMART SOURCE SEATTLE, LLC
- SMART SOURCE, LLC
- SMARTSOURCE
Book composition by plan size
Bars stack to total plans served; segments use the same asset cutoffs as the /plans size filter. Up-and-to-the-right on the bigger segments = moving up-market.
Under $5M$5-50M$50-250M$250M-1B$1B+
Compliance posture vs market
Per-flag share for Smart Source's book against the same flag's overall prevalence across all filings. Negative delta = under-indexed (cleaner book); positive = elevated risk surface.
| Flag | Plans flagged | Provider % | Market % | Delta |
|---|---|---|---|---|
| Recently terminated | 0 | 0.00% | 7.76% | -7.76 pp |
| Fidelity bond gap | 0 | 0.00% | 26.94% | -26.94 pp |
| Late contributions | 5 | 12.50% | 1.71% | +10.79 pp |
| Failed to provide benefit | 0 | 0.00% | 0.14% | -0.14 pp |
| Corrective distributions | 0 | 0.00% | 1.76% | -1.76 pp |
| Loss discovered | 0 | 0.00% | 0.00% | -0.00 pp |
New-plan formation share
Share of plans filing for the first time each year that landed with Smart Source. Compare to the incumbent market share (0.1%) - higher = winning new business, lower = coasting on existing relationships.
0.0%-0.1 pp vs incumbent
Frequent partners by role
Who else shows up on Smart Source's plans most often. Switch tabs by counterparty role - high-overlap names are either referral channels (advisors, auditors) or competitive blocks (other recordkeepers).
| Partner | Shared plans | % of book |
|---|---|---|
| Milliman | 11 | 27.5% |
| Washington Capital Management | 11 | 27.5% |
| Loomis Sayles | 9 | 22.5% |
| UNITED ADMINISTRATIVE SERVICES | 8 | 20.0% |
| Verus Advisors, Inc. | 7 | 17.5% |
| ASB Capital Management | 5 | 12.5% |
| NEPC LLC | 5 | 12.5% |
| Panagora Asset Management | 5 | 12.5% |
| Alan Biller & Associates | 4 | 10.0% |
| Dodge & Cox | 4 | 10.0% |
Geographic penetration index
(Provider plans in state / state plans) divided by the provider's overall share of the market. Index 1.00 = average; > 1 = over-indexed (winning more than their fair share); < 1 = under-indexed (white space).