SMS Data Products Group, Inc. 401(k) Review & Grade
SMS Data Products Group, Inc. 401(k) Retirement Plan
MC Lean, VAProfessional, Scientific & Technical Services628 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,093Employer $ per active participant
$9,850Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$84.3MNet plan assets, end of year
$101,778Average balance per account
Score breakdown
- Employer generosity17.4 / 5035th percentile for employer $ per participant
- Low cost14.4 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving8.6 / 1558th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 57th |
| Employee saving | 58th |
| Peers that auto-enroll | 48% |
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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
- SMS Data Products Group put in about $2,093 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,315,241 |
| Participant (employee) contributions | $6,190,668 |
| Other contributions (incl. rollovers in) | $1,174,701 |
| Administrative expenses paid from the plan | $146,997 |
| Contract administrator fees | $146,899 |
| Benefits paid out | $13,377,498 |
| Net assets, start / end of year | $78.0M / $84.3M |
| Active participants, start / end of year | 630 / 627 |
| Participants with account balances | 828 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Withumsmith+brown, PC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $147,509 reported compensation |
| Gallagher Fiduciary Advisors, LLC | $40,000 reported compensation |
| Withumsmith Brown PC | $16,900 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008150718NAL0005738865001, received 2025-10-08, EIN 54-1039383, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.