# Schmidt Associates INC. 401(k) Plan
Source: https://planprovider.pro/companies/schmidt-associates-inc-401k-plan-001-2312

> Schmidt Associates INC.'s 401(k) plan: 132 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/shepherd-financial-investment-advisory-llc) — INVESTMENT ADVISORY

- [TRANSAMERICA RETIREMENT SOLUTIONS,](https://planprovider.pro/provider/transamerica) — 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|—|—|

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