SMK Business Center LLC DBA Capitol Bridge Health Services 401(k) Review & Grade
Capitol Bridge Health Services 401(k) Plan
Portsmouth, VAOther Services702 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,278Employer $ per active participant
$474Employee $ saved per active participant
8.39%Direct admin cost, % of plan assets
$1.3MNet plan assets, end of year
$1,309Average balance per account
Score breakdown
- Employer generosity25.5 / 5051th percentile for employer $ per participant
- Low cost0.0 / 250th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1513th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 0th |
| Employee saving | 13th |
| Peers that auto-enroll | 40% |
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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
- SMK Business Center LLC DBA Capitol Bridge Health Services put in about $1,278 per active participant, more than the typical peer ($1,257). 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.
- Direct plan expenses (8.39% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $896,715 |
| Participant (employee) contributions | $332,580 |
| Other contributions (incl. rollovers in) | $7,651 |
| Administrative expenses paid from the plan | $78,580 |
| Contract administrator fees | $28,590 |
| Benefits paid out | $401,560 |
| Net assets, start / end of year | $557,915 / $1.3M |
| Active participants, start / end of year | 566 / 837 |
| Participants with account balances | 1,004 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clark, Schaefer, Hackett & Co. |
Largest service providers (Schedule C)
| Empower Annuity Ins Co of America | $49,990 reported compensation |
| Benchmark Retirement Plan Services | $27,539 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260316120950NAL0001514083001, received 2026-03-16, EIN 46-3114143, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.