Smith Power Products, Inc. 401k Plan — Form 5500 plan (Smith Power Products, 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, Smith Power Products, Inc. 401k Plan is a benefit plan reported by Smith Power Products, Inc. under EIN 87-0253588 and plan number 001. The latest loaded filing year is 2023. The filing reports 347 participants and $28,546,924 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$28.5MPlan net assets, end of year$28,546,924
Participants347Covered participants reported
Assets / participant$82.3KComputed: assets ÷ participants$82,268 (computed)
Provider compensation$84.4K3 Schedule C provider row(s)$84,355
- Plan sponsor
- Smith Power Products, Inc.
- EIN
- 87-0253588
- Plan number
- 001
- Plan type
- 2
- Location
- Salt Lake City, UT
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 347 | H, C | 20240930052339NAL0002446003001 |
Schedule H · 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)$28.5M total assets
Net assets$28.5MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $28,546,924
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $28,546,924
- Net assets (BOY)
- $24,439,039
Income & contributions
- Employer contributions
- $695,041
- Participant contributions
- $1,747,465
- Total contributions
- $2,451,860
- Total income / additions
- $6,427,904
Expenses & distributions
- Benefits paid
- $2,213,224
- Administrative expenses
- $84,356
- Total expenses
- $2,320,019
- Net increase / (decrease)
- $4,107,885
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.
28%72%
Employer 28%Participant 72%
Total expenses ÷ net assets8%Computed ratio
Benefits paid ÷ total income34%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Lpl Financial Corporation Rpcp | INVESTMENT/FINANCIAL ADVI | $43,359 | $0 | 2023 |
| Adp, Inc. | RECORD KEEPER | $40,996 | $0 | 2023 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 | 2023 |