Retirement plan

SMITH MICRO SOFTWARE, INC. 401(K) PROFIT SHARING PLAN

Name: SMITH MICRO SOFTWARE, INC. - SMITH MICRO SOFTWARE, INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: SMITH MICRO SOFTWARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SMITH MICRO SOFTWARE, INC. 401(K) PROFIT SHARING PLAN, SMITH MICRO SOFTWARE, INC.

SMITH MICRO SOFTWARE, INC.EIN 33-0029027Plan #001PY 2017

51 COLUMBIA, SUITE 200 - ALISO VIEJO, CA 92656949-362-5800smithmicro.comLinkedIn201-500 employeescomputer software

Prospect flagsLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$24M

-1.5% from 2016

Total participants

292

-8.5% from 2016

Average account balance

$90,409

+4.5% from 2016

Annual return

15.54%

+7.97 pp from 2016

Benchmarks

See 25,067 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,067 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$33.79M

Not enough data

1 years with asset history on file

Average account balance

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

$120K

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.

282

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.

95.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+15.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$274

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 3 by compensation

Provider	Service type	Compensation
CETERA ADVISOR NETWORKS LLC1 year Filed as: CETERA ADVISORS Service code 55 · EIN 84-0858799	Other Commissions	$25,056
MORGAN STANLEY SMITH BARNEY1 year Service code 55 1 NEW YORK PLAZA · NEW YORK, NY 10004	Other Commissions	$21,859
VOYA RETIREMENT INSURANCE & ANNUITY3+ years Service code 26 · EIN 71-0294708	Advisory (Participants)	$18,903

Plan features & details

Pension benefit codes2E2F2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
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.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$27K

$292 / participant

Other / not subdivided$27K100.0%

% of EOY assets

0.112%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SQUAR MILNER LLP
Auditor EIN: 330835986
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,409

$85,766+5.4%

$136,298-33.7%

$70,126+28.9%

Participation rate

70.7%

74.2%-3.5pp

81.9%-11.3pp

69.5%+1.1pp

Annual return

15.54%

31.46%-15.9pp

5156.27%-5140.7pp

73.15%-57.6pp

Employer contribution / active EE

-$11

$2,966-100.4%

$4,696-100.2%

$2,343-100.5%

Participant deferral / active EE

$8,963

$5,051+77.4%

$6,247+43.5%

$3,332+169.0%

Admin fee / account holder

$101

$5,421-98.1%

$9,244-98.9%

$4,645-97.8%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC1 year

Filed as: CETERA ADVISORS

Service code 55 · EIN 84-0858799

Other Commissions

$25,056

MORGAN STANLEY SMITH BARNEY1 year

Service code 55

1 NEW YORK PLAZA · NEW YORK, NY 10004

Other Commissions

$21,859

VOYA RETIREMENT INSURANCE & ANNUITY3+ years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$18,903

SMITH MICRO SOFTWARE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SMITH MICRO SOFTWARE, INC. 401(K) PROFIT SHARING 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