Smfs, Inc. Dba Grimm 401(K) Plan — Form 5500 plan (Smfs, Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Smfs, Inc. Dba Grimm 401(K) Plan is a benefit plan reported by Smfs, Inc. under EIN 46-1484255 and plan number 001. The latest loaded filing year is 2023. The filing reports 69 participants and $4,108,084 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$4.1MPlan net assets, end of year$4,108,084
Participants69Covered participants reported
Assets / participant$59.5KComputed: assets ÷ participants$59,537 (computed)
Provider compensationNone reported
Plan sponsor
Smfs, Inc.
EIN
46-1484255
Plan number
001
Plan type
2
Location
Cedar Springs, MI
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202369I20240924085346NAL0004575267001
Schedule I · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$4.1M total assets
Net assets$4.1MLiabilities$0
Money in vs. money out
Total income / additions$1.3M
Total expenses$843.3K
Benefits paid / distributions$836.8K
Contributions
Employer$198.5K
Participant$333K
Full reported line items

Net assets

Total assets (EOY)
$4,108,084
Total liabilities (EOY)
$0
Net assets (EOY)
$4,108,084
Net assets (BOY)
$3,612,921

Income & contributions

Employer contributions
$198,535
Participant contributions
$332,957
Total income / additions
$1,338,486

Expenses & distributions

Benefits paid
$836,841
Administrative expenses
$6,482
Total expenses
$843,323
Net increase / (decrease)
$495,163
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 37%Participant 63%
Total expenses ÷ net assets21%Computed ratio
Benefits paid ÷ total income63%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages