Department of Labor filing

RAGAN SMITH ASSOCIATES, INC.

RAGAN SMITH ASSOCIATES, INC. RESTATED PROFIT SHARING 401(K) PLAN · For the plan year ended Dec 31, 2023

Public filing 2023 · received Aug 26, 2024Verified current terms Not available

Plan at a glance

How good does the filing look?

65filing comparison
out of 100

The filing looks somewhat better than typical peers on the measures we can compare. This is a filing comparison, not a complete benefits score.

$Employer support

$8,008

Reported employer contributions per active participant.

Higher than about 89% of comparable plans

#People in the filing

144

Active participants reported for 2023.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$409 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 8% of comparable plans

↗Investment performance

Not available

Plan assets changed 30.0%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202365out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions89th percentileTypical peer $2,986 · based on 5,551 comparable plans

Lower reported administrative expense8th percentileTypical peer $149 · based on 5,714 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2023, RAGAN SMITH ASSOCIATES, INC. reported $1,153,201 in employer contributions across the plan and 144 active participants. That works out to $8,008 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy75%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 13.3%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 6.7%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context65/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $1,153,201
Participant contributions: $1,123,669
Other contributions: $55,713
Employer share of reported contributions: 50.6%
Beginning assets: $15,360,517
Ending assets: $19,972,678
Ending net assets: $19,972,678
Ending liabilities: $0
Total income: $5,172,526
Total expenses: $560,365
Administrative expenses: $76,493
Participant loans: Not reported

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$9,240

2023

$8,008

Plan-paid administrative expenses per participant

2022

$383

2023

$409

Active participants

2022

132

2023

144

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2023	$8,008	144	20M	20240826105055NAL0009620865001
2022	$9,240	132	15.4M	20231006144302NAL0015616371001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: Not stated in the filing
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 620730065-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Dec 31, 1972
Industry: Professional, scientific, and technical services
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2A2E2F2G2J2K2R2T3D

Current plan terms

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Filing ACK_ID20240826105055NAL0009620865001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗