401k Record

Employers › Smartwork

Smartwork 401(k)

Administrative expenses excluding investment management, per participant · Penelope Retirement Pooled Employer Plan · plan year 2024

$0.57

Higher than 0% of the 14,713 plans $1 to 10M that report it.

Source

= $274 / 480
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20260526131237NAL0006464193001, received 2026-05-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260526131237NAL0006464193001, received 2026-05-26

10th: $13.66median $103.3390th: $302.77

Percentiles compare this plan with the Schedule H plans $1 to 10M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2026-05-26.

Cost and contributions

Recordkeeping fees per participant

not reported

Not reported on this filing.

Administrative expenses per participant

$0.57

10th: $19.42median $150.2790th: $370.75

Higher than 0% of the 15,210 plans $1 to 10M that report it.

Source

= $274 / 480
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260526131237NAL0006464193001, received 2026-05-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260526131237NAL0006464193001, received 2026-05-26

Administrative expenses as a share of assets

0.006%

10th: 0.069%median 0.519%90th: 1.146%

Higher than 0% of the 15,243 plans $1 to 10M that report it.

Source

= $274 / $4,665,384
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260526131237NAL0006464193001, received 2026-05-26
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20260526131237NAL0006464193001, received 2026-05-26

Employer contributions per participant

$1,060

10th: $357median $1,32390th: $2,861

Higher than 40% of the 13,342 plans $1 to 10M that report it.

Source

= $509,015 / 480
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260526131237NAL0006464193001, received 2026-05-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260526131237NAL0006464193001, received 2026-05-26

Employer share of total contributions

24.2%

10th: 11.9%median 28.9%90th: 43.6%

Higher than 35% of the 13,370 plans $1 to 10M that report it.

Source

= $509,015 / $2,100,775
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260526131237NAL0006464193001, received 2026-05-26
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20260526131237NAL0006464193001, received 2026-05-26

Plan terms, as stated in Smartwork, Inc.'s SEC filings

Plan terms are not published in public filings.

Plan features

2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 2W · 3B · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20260526131237NAL0006464193001, received 2026-05-26

Full record, Penelope Retirement Pooled Employer Plan

FieldValueSource
Plan sponsorSMARTWORK, INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20260526131237NAL0006464193001, received 2026-05-26
Plan namePENELOPE RETIREMENT POOLED EMPLOYER PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20260526131237NAL0006464193001, received 2026-05-26
Sponsor EIN / plan number87-1268410 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20260526131237NAL0006464193001, received 2026-05-26
Plan typemultiple-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20260526131237NAL0006464193001, received 2026-05-26
Sponsor locationNEW YORK, NYForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20260526131237NAL0006464193001, received 2026-05-26
Industry (business code)525100, Finance and insuranceForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20260526131237NAL0006464193001, received 2026-05-26
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20260526131237NAL0006464193001, received 2026-05-26
Filing received2026-05-26Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20260526131237NAL0006464193001, received 2026-05-26
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20260526131237NAL0006464193001, received 2026-05-26
Amended filingyesForm 5500, Part I line B; AMENDED_IND pos 7; filing 20260526131237NAL0006464193001, received 2026-05-26
Participants, beginning of year551Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20260526131237NAL0006464193001, received 2026-05-26
Active participants713Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20260526131237NAL0006464193001, received 2026-05-26
Participants, end of year713Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20260526131237NAL0006464193001, received 2026-05-26
Participants with an account balance480Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260526131237NAL0006464193001, received 2026-05-26
Total assets, beginning of year$2,599,271Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20260526131237NAL0006464193001, received 2026-05-26
Total assets, end of year$4,665,384Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20260526131237NAL0006464193001, received 2026-05-26
Net assets, end of year$4,665,384Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20260526131237NAL0006464193001, received 2026-05-26
Total income$2,566,195Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20260526131237NAL0006464193001, received 2026-05-26
Net income$2,237,282Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20260526131237NAL0006464193001, received 2026-05-26
Employer contributions$509,015Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260526131237NAL0006464193001, received 2026-05-26
Participant contributions$1,235,516Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20260526131237NAL0006464193001, received 2026-05-26
Other contributions (incl. rollovers)$356,244Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20260526131237NAL0006464193001, received 2026-05-26
Total contributions$2,100,775Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20260526131237NAL0006464193001, received 2026-05-26
Benefit payments$328,639Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20260526131237NAL0006464193001, received 2026-05-26
Total expenses (incl. benefit payments)$328,913Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20260526131237NAL0006464193001, received 2026-05-26
Total administrative expenses$274Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260526131237NAL0006464193001, received 2026-05-26
Administrative expenses excluding investment management$274derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20260526131237NAL0006464193001, received 2026-05-26
Held in mutual funds$4,610,784Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20260526131237NAL0006464193001, received 2026-05-26
Independent auditorBELFINT, LYONS & SCHUMAN, P.A.Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20260526131237NAL0006464193001, received 2026-05-26

Position = column in the DOL layout for form year 2024. Filing 20260526131237NAL0006464193001, received 2026-05-26.

Service providers paid directly by the plan

No Schedule C line 2 providers are listed on this filing.

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20260526131237NAL0006464193001, received 2026-05-26.

What changed since the 2023 plan year

Figure20232024Change
Total assets$2,599,271$4,665,38479.5%
Participants with a balance38148026.0%
Administrative expenses$575$274-52.3%
Recordkeeping fees per participantnot reportednot reported
Employer contributions$469,523$509,0158.4%

Prior filing 20241008153536NAL0030382768001, received 2024-10-08; the plan years are contiguous.

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Sponsor name as filed: SMARTWORK, INC.; SEC registrant: Smartwork, Inc. (CIK 1935582, matched by EIN).