Who sponsors the Schmitty & Sons Holdings, Inc. 401(K) Plan?

Schmitty & Sons Holdings, Inc. 401(K) Plan is reported as sponsored by Schmitty & Sons Holdings, Inc. (EIN 81-0928055, plan number 001) in public Form 5500 filings.

What is the most recent Form 5500 filing year for Schmitty & Sons Holdings, Inc. 401(K) Plan?

The latest Form 5500 filing year loaded for Schmitty & Sons Holdings, Inc. 401(K) Plan is 2023.

How many participants does Schmitty & Sons Holdings, Inc. 401(K) Plan report?

Schmitty & Sons Holdings, Inc. 401(K) Plan reports 595 participants in its latest loaded Form 5500 filing.

What are the reported plan assets for Schmitty & Sons Holdings, Inc. 401(K) Plan?

Schmitty & Sons Holdings, Inc. 401(K) Plan reports $10,731,837 in end-of-year plan assets in its latest loaded Form 5500 filing.

Schmitty & Sons Holdings, Inc. 401(K) Plan — Form 5500 plan (Schmitty & Sons Holdings, 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, Schmitty & Sons Holdings, Inc. 401(K) Plan is a benefit plan reported by Schmitty & Sons Holdings, Inc. under EIN 81-0928055 and plan number 001. The latest loaded filing year is 2023. The filing reports 595 participants and $10,731,837 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$10.6MPlan net assets, end of year$10,614,230

Participants595Covered participants reported

Assets / participant$18KComputed: assets ÷ participants$18,037 (computed)

Provider compensation$3221 Schedule C provider row(s)

Plan sponsor: Schmitty & Sons Holdings, Inc.
EIN: 81-0928055
Plan number: 001
Plan type: 2
Location: Lakeville, MN
Latest filing year: 2023

Form 5500 filing history

Filings loaded for this plan
Filing year	Participants	Schedules	Filing
2023	595	H, C	20250415153002NAL0001521763001

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)$10.7M total assets

Net assets$10.6MLiabilities$117.6K

Money in vs. money out

Total income / additions$3.1M

Total expenses$2.7M

Benefits paid / distributions$2.7M

Contributions

Employer$572.4K

Participant$1.2M

Full reported line items

Net assets

Total assets (EOY): $10,731,837
Total liabilities (EOY): $117,607
Net assets (EOY): $10,614,230
Net assets (BOY): $10,258,869

Income & contributions

Employer contributions: $572,439
Participant contributions: $1,161,513
Total contributions: $1,741,575
Total income / additions: $3,098,899

Expenses & distributions

Benefits paid: $2,657,799
Administrative expenses: $85,739
Total expenses: $2,743,538
Net increase / (decrease): $355,361

Service provider compensation (Schedule C)

Reported service provider compensation
Provider	Service	Direct comp.	Indirect comp.	Year
John Hancock Life Insurance Company	RECORDKEEPER	$322	not reported in the loaded dataset	2023