Schmidt Associates Inc. 401k And Profit Sharing Plan — Form 5500 plan (Schmidt Associates Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Schmidt Associates Inc. 401k And Profit Sharing Plan is a benefit plan reported by Schmidt Associates Inc. under EIN 35-1402312 and plan number 001. The latest loaded filing year is 2023. The filing reports 134 participants and $21,242,359 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$21.2MPlan net assets, end of year$21,242,359
Participants134Covered participants reported
Assets / participant$158.5KComputed: assets ÷ participants$158,525 (computed)
Provider compensation$90.6K2 Schedule C provider row(s)$90,592
- Plan sponsor
- Schmidt Associates Inc.
- EIN
- 35-1402312
- Plan number
- 001
- Plan type
- 2
- Location
- Indianapolis, IN
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 134 | H, C | 20240925150520NAL0014912401002 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$21.2M total assets
Net assets$21.2MLiabilities—
Full reported line items
Net assets
- Total assets (EOY)
- $21,242,359
- Net assets (EOY)
- $21,242,359
- Net assets (BOY)
- $18,993,615
Income & contributions
- Employer contributions
- $386,707
- Participant contributions
- $1,292,922
- Total contributions
- $2,171,778
- Total income / additions
- $5,753,443
Expenses & distributions
- Benefits paid
- $3,414,213
- Administrative expenses
- $90,486
- Total expenses
- $3,504,699
- Net increase / (decrease)
- $2,248,744
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Shepherd Financial Investment Advis | INVESTMENT ADVISORY | $48,619 | not reported in the loaded dataset | 2023 |
| Transamerica Retirement Solutions, | RECORDKEEPER | $41,973 | $0 | 2023 |