Plan Snapshot
- Plan Sponsor: Schmidt Associates INC.
- Sponsor EIN: 351402312
- Sponsor Address: 415 MASSACHUSETTS AVENUE, INDIANAPOLIS, IN, 46204
- Plan Type: 401(k)
- Total Participants: 132
- Total Assets: $26.2M
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 | 132 | $26.2M | $406,359 | $1.4M |
| 2023 | 115 | $21.2M | $386,707 | $1.3M |
| 2022 | 108 | $19.0M | $348,246 | $1.2M |
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 |
|---|---|---|---|---|
| SHEPHERD FINANCIAL INVESTMENT ADVIS | INVESTMENT ADVISORY | $55,941 | — | $55,941 |
| TRANSAMERICA RETIREMENT SOLUTIONS, | RECORDKEEPER | $35,532 | — | $35,532 |
| PILE CPAS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SHEPHERD FINANCIAL INVESTMENT ADVIS — INVESTMENT ADVISORY
- TRANSAMERICA RETIREMENT SOLUTIONS, — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,473
- Estimated Expense Ratio: 0.350% of plan assets
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 | $91,644 | $56,112 | — | — | — |
| 2023 | $90,486 | $48,513 | — | — | — |
| 2022 | $93,165 | — | $49,482 | — | — |