Smarsh, Inc. 401(k) Review & Grade
Smarsh 401(k) Plan
Portland, ORProfessional, Scientific & Technical Services564 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,147Employer $ per active participant
$14,781Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$90.1MNet plan assets, end of year
$87,400Average balance per account
Score breakdown
- Employer generosity40.1 / 5080th percentile for employer $ per participant
- Low cost20.9 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving13.1 / 1587th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 84th |
| Employee saving | 87th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $13,470 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Smarsh put in about $6,147 per active participant, more than the typical peer ($3,082). 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 | $3,463,733 |
| Participant (employee) contributions | $8,329,342 |
| Other contributions (incl. rollovers in) | $2,271,638 |
| Administrative expenses paid from the plan | $51,409 |
| Contract administrator fees | $300 |
| Benefits paid out | $9,522,632 |
| Net assets, start / end of year | $73.5M / $90.1M |
| Active participants, start / end of year | 551 / 576 |
| Participants with account balances | 1,031 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | KBF Cpas - Audit, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $51,409 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015123456NAL0002415027001, received 2025-10-15, EIN 75-2984566, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.