# Paul A. Schmitt Music Company 401(k) Plan
Source: https://planprovider.pro/companies/paul-a-schmitt-music-company-401k-plan

> Paul A. Schmitt Music Company's 401(k) plan: 252 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Paul A. Schmitt Music Company

- **Sponsor EIN:** 410526620

- **Sponsor Address:** 7800 HARMONY DRIVE, BLOOMINGTON, MN, 55439

- **Plan Type:** 401(k)

- **Total Participants:** 252

- **Total Assets:** $10.3M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|252|$10.3M|$0|$466,085|

| 2023|191|$9.5M|$40|$506,153|

| 2022|199|$11.1M|$39,584|$495,192|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| OLSEN THIELEN & CO LTD|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [OLSEN THIELEN & CO LTD](https://planprovider.pro/provider/olsen-thielen-and-co-ltd) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$47,606|$36,572|—|—|—|

| 2023|$47,460|$36,467|—|—|—|

| 2022|$58,359|—|$58,359|—|—|

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/paul-a-schmitt-music-company-401k-plan)

© 2026 PlanProvider.Pro