Retirement plan

SMITH LAND SAVINGS & RETIREMENT PLAN

Name: SMITH LAND & IMPROVEMENT CORPORATION & SUBSIDIARIES - SMITH LAND SAVINGS & RETIREMENT PLAN (2024) Form 5500
Creator: SMITH LAND & IMPROVEMENT CORPORATION & SUBSIDIARIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SMITH LAND SAVINGS & RETIREMENT PLAN, SMITH LAND & IMPROVEMENT CORPORATION & SUBSIDIARIES

SMITH LAND & IMPROVEMENT CORPORATION & SUBSIDIARIESEIN 25-1284067Plan #003PY 2024

1810 MARKET STREET - CAMP HILL, PA 17011717-731-0203smithlandusa.comLinkedIn1-10 employeescommercial real estate

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$13M

+0.0% from 2023

Total participants

199

-1.5% from 2023

Average account balance

$80,624

+1.3% from 2023

Annual return

11.85%

-3.63 pp from 2023

Benchmarks

See 2,309 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,309 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$12.98M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$81K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

161

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

76.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$865K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.85%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$373

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 1 by compensation

Provider	Service type	Compensation
FULTON FINANCIAL ADVISORS7 years Filed as: FULTON BANK, N.A. Service code 15 · EIN 23-1928421	Recordkeeping	$60,007

Plan features & details

Pension benefit codes2E2G2J2K2S2T3D3F3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$60K

$377 / participant

Recordkeeping$12K19.8%
Trustee / custodial$1K1.7%
Investment mgmt$47K78.6%

% of EOY assets

0.462%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BOYER & RITTER
Auditor EIN: 231311005
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,624

$59,467+35.6%

$93,727-14.0%

$74,478+8.3%

Participation rate

76.1%

59.6%+16.5pp

68.7%+7.4pp

67.2%+8.9pp

Annual return

11.85%

82.14%-70.3pp

133.83%-122.0pp

1370.56%-1358.7pp

Employer contribution / active EE

$1,185

$1,267-6.4%

$2,421-51.1%

$2,626-54.9%

Participant deferral / active EE

$4,253

$3,052+39.4%

$4,417-3.7%

$4,350-2.2%

Admin fee / account holder

$373

$3,028-87.7%

$8,292-95.5%

$1,946-80.8%

Provider

Service type

Compensation

FULTON FINANCIAL ADVISORS7 years

Filed as: FULTON BANK, N.A.

Service code 15 · EIN 23-1928421

Recordkeeping

$60,007

SMITH LAND SAVINGS & RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SMITH LAND SAVINGS & RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion