Retirement plan

ALBERT S. SMYTH CO., INC 401(K) PLAN

Name: ALBERT S. SMYTH CO., INC. - ALBERT S. SMYTH CO., INC 401(K) PLAN (2024) Form 5500
Creator: ALBERT S. SMYTH CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALBERT S. SMYTH CO., INC 401(K) PLAN, ALBERT S. SMYTH CO., INC.

ALBERT S. SMYTH CO., INC.EIN 52-0490150Plan #001PY 2024

2020 YORK ROAD - TIMONIUM, MD 21093410-252-6666LinkedIn201-500 employeesluxury goods & jewelry

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.3M

+3.0% from 2023

Total participants

153

-1.3% from 2023

Average account balance

$54,211

+4.6% from 2023

Annual return

13.13%

-5.87 pp from 2023

Benchmarks

See 2,318 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,318 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.26M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

134

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.

85.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$511K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$395

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 ADVISORS8 years Service code 15 · EIN 23-1928421	Recordkeeping	$53,596

Plan features & details

Pension benefit codes2F2G2J2E2T3D

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.
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$53K

$408 / participant

Recordkeeping$2K4.0%
Trustee / custodial$1K1.9%
Investment mgmt$50K94.2%

% of EOY assets

0.729%

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: SC&H ATTEST SERVICES, P.C.
Auditor EIN: 521743645
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,211

$59,402-8.7%

$93,654-42.1%

$74,546-27.3%

Participation rate

85.4%

59.7%+25.7pp

68.7%+16.7pp

67.2%+18.2pp

Annual return

13.13%

81.86%-68.7pp

133.34%-120.2pp

1366.03%-1352.9pp

Employer contribution / active EE

$1,265-100.0%

$2,421-100.0%

$2,624-100.0%

Participant deferral / active EE

$3,929

$3,049+28.9%

$4,413-11.0%

$4,347-9.6%

Admin fee / account holder

$395

$3,023-86.9%

$8,282-95.2%

$1,944-79.7%

Provider

Service type

Compensation

FULTON FINANCIAL ADVISORS8 years

Service code 15 · EIN 23-1928421

Recordkeeping

$53,596

ALBERT S. SMYTH CO., INC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALBERT S. SMYTH CO., INC 401(K) 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