Store Management System retirement plan: assets, participants and fees
What Store Management System's retirement plan plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Benefit Plans Admin Services, Inc. | Schedule C ↗ |
| Independent auditor | Aquino,de Cordova,llc (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 3,141 defined-contribution plans in retail trade with 100 to 499 participants.
| Store Management System: employer contribution per participant | $304 | |
| Peer median | $1,216 |
| Store Management System: average balance | $1,747 | |
| Peer median | $50,590 |
| Store Management System: admin expenses ÷ assets | 1.92% | |
| Peer median | 0.43% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $96K at the end of plan year 2022 to $744K at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 584 | $744K | $130K | $304 | 1.92% | Not published | Form 5500 ↗ |
| 2023 | 477 | $386K | $99K | $221 | 1.82% | Not published | Form 5500 ↗ |
| 2022 | 527 | $96K | $44K | $199 | 5.91% | Not published | Form 5500 ↗ |
Common questions
Does Store Management System match 401(k) contributions?
The match terms for the Sms Econo Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $130K in employer contributions, about $304 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Store Management System 401(k) match vested?
The vesting schedule for the Sms Econo Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Store Management System 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Benefit Plans Admin Services, Inc.. The plan administrator is Store Management System LLC.
I left Store Management System. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Store Management System LLC, (787) 875-2050) or the recordkeeper, Benefit Plans Admin Services, Inc.. The Store Management System old 401(k) page lists the contacts from every plan filing. Find an old Store Management System 401(k)
Data from the public Form 5500 annual reports Store Management System filed with the U.S. Department of Labor (plan years 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Store Management System. Not financial advice. Report a correction · Methodology