SMC Corporation of America 401(k) Review & Grade
SMC Corporation Retirement Savings Plan
Noblesville, INManufacturing1,342 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,050Employer $ per active participant
$5,744Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$189.4MNet plan assets, end of year
$91,221Average balance per account
Score breakdown
- Employer generosity32.0 / 5064th percentile for employer $ per participant
- Low cost15.9 / 2563th percentile for low admin cost vs. same-size plans
- Employee saving9.2 / 1561th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 63th |
| Employee saving | 61th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- SMC Corporation of America put in about $3,050 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $4,094,724 |
| Participant (employee) contributions | $7,711,864 |
| Other contributions (incl. rollovers in) | $225,790 |
| Administrative expenses paid from the plan | $270,359 |
| Investment advisory & management fees | $126,852 |
| Benefits paid out | $17,078,344 |
| Net assets, start / end of year | $174.8M / $189.4M |
| Active participants, start / end of year | 1,373 / 1,312 |
| Participants with account balances | 2,076 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Deloitte & Touche LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $143,507 reported compensation |
| RBC Wealth Management | $126,852 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251027074128NAL0005292195001, received 2025-10-27, EIN 35-1407207, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.