Virginia › Other services › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Capitol Bridge Health Services 401(k) Plan
Sponsored by SMK Business Center LLC DBA Capitol Bridge Health Services, Portsmouth, VA
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Capitol Bridge Health Services 401(k) Plan is a 401(k) plan sponsored by SMK Business Center LLC DBA Capitol Bridge Health Services of Portsmouth, Virginia. For the plan year ending 31 Dec 2024 it reported 1,047 participants, 837 of them active, and net assets of $1.3M.
Net assets came to $1,256 per participant, well below the $50,295 median for defined contribution plans with 1,000 to 4,999 participants and well below the $40,686 median for defined contribution plans in other services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $897K during the year, or $1,071 per active participant against a same-size median of $2,045; participants contributed $333K and $7,651 arrived as rollovers and other contributions. Benefits paid out totalled $402K.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $78K: $74.05 per participant, below the same-size median of $82.08. Administrative expenses charged to the plan were $79K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $1,256 | $50,295 | $40,686 | $53,102 |
| Employer contributions per active participant | $1,071 | $2,045 | $2,024 | $2,175 |
| Schedule C compensation per participant | $74.05 | $82.08 | $113 | $123 |
| Schedule C compensation, share of net assets | 5.9% | 0.17% | 0.30% | 0.26% |
| Administrative expenses per participant | $75.05 | $82.20 | $99.73 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,207 plans), other services (2,675) and all US plans (63,460). Fee medians cover plans that report an amount.
Statement for the year
- Net assets, beginning of year$557,915
- Employer contributions$896,715
- Participant contributions$332,580
- Rollovers and other contributions$7,651
- Total contributions$1,236,946
- Total income, including investment results$1,389,625
- Benefits paid$401,560
- Administrative expenses$78,580
- Total expenses$480,140
- Net income$909,485
- Net transfers−$152,811
- Net assets, end of year$1,314,589
Participants
- Active participants837
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits210
- Participants with account balances1,004
- Total participants, end of year1,047
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Empower Annuity Ins Co. of America | Recordkeeping fees | $49,990 | $0 |
| Benchmark Retirement Plan Services | Contract Administrator | $27,089 | $450 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Recordkeeping fees$49,990
- Contract administrator fees$28,590
- Total administrative expenses$78,580
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$995K · 75.7%
- Registered investment companies (mutual funds)$154K · 11.7%
- Participant loans$101K · 7.7%
- Receivables$59K · 4.5%
- Insurance company general account$4,938 · 0.4%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmClark, Schaefer, Hackett & Co.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2DOffset plan3DPre-approved pension plan3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 812990: All Other Personal Services.
Similar plans in Virginia
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Old Dominion University Research Foundation Tax-Sheltered Retirement Plan | Old Dominion University Research Foundation | 1,088 | $27.8M | $25,558 |
| Your Linen Services, 401(k) Plan | Mohenis Services, Inc. | 967 | $12.7M | $13,151 |
| Safe-Harbor 401(k) Profit Sharing Plan for U.S. Committee for Refugees and Immigrants, Inc. | US Committee for Refugees and Immigrants | 1,168 | $33.4M | $28,617 |
| Indel Power Group 401(k) Plan | Indel Power Group | 839 | $58.2M | $69,353 |
| United Service Organizations Retirement Savings Plan | United Service Organizations, Inc. | 1,315 | $87.6M | $66,586 |
| Society for Human Resource Management Incentive Savings Plan | Society for Human Resource Management | 829 | $107M | $129,465 |
Defined contribution plans in other services closest in size.
Questions and answers
How big is Capitol Bridge Health Services 401(k) Plan?
1,047 participants at the end of the plan year ending 31 Dec 2024, of whom 837 were active employees, with net assets of $1,314,589. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,207 plans in plan year 2024.
What does SMK Business Center LLC DBA Capitol Bridge Health Services contribute per participant?
The filing reports $896,715 in employer contributions for the year, which is $1,071 per active participant; the median for plans of the same type and size was $2,045 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $77,529 in compensation to service provider organisations, $74.05 per participant or 5.9% of net assets. The same-size median among plans reporting any Schedule C compensation was $82.08 per participant. Administrative expenses on Schedule H were $78,580. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is SMK Business Center LLC DBA Capitol Bridge Health Services. Recordkeeping or administration: Empower Annuity Ins Co. of America and Benchmark Retirement Plan Services. The financial statements were audited by Clark, Schaefer, Hackett & Co.. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 16 Mar 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 46-3114143, plan 001, received 16 Mar 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.