Smugglers' Notch Management Company LTD 401(k) Review & Grade
Smugglers' Notch Resort 401(k) Profit Sharing Plan
Jeffersonville, VTArts, Entertainment & Recreation594 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$249Employer $ per active participant
$1,261Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$9.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.8 / 5016th percentile for employer $ per participant
- Low cost19.3 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 77th |
| Employee saving | 29th |
| Peers that auto-enroll | 38% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $50,944 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Smugglers' Notch Management Company put in about $249 per active participant, below the typical peer ($995). 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 | $147,937 |
| Participant (employee) contributions | $749,297 |
| Other contributions (incl. rollovers in) | $14,774 |
| Administrative expenses paid from the plan | $7,581 |
| Contract administrator fees | $7,581 |
| Benefits paid out | $659,313 |
| Net assets, start / end of year | $8.1M / $9.1M |
| Active participants, start / end of year | 602 / 586 |
| Participants with account balances | 181 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mcsoley Mccoy & Co |
Largest service providers (Schedule C)
| Stancorp Financial Group | $7,581 reported compensation |
| Charles Schwab Trust Bank | $465 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250718163647NAL0002182305001, received 2025-07-18, EIN 03-0284345, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.