Plan Snapshot
- Plan Sponsor: Schmitt Management Corporation
- Sponsor EIN: 363503402
- Sponsor Address: 1975 W. DOWNER PLACE, AURORA, IL, 60506
- Plan Type: 401(k)
- Total Participants: 109
- Total Assets: $6.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 109 | $6.7M | $136,605 | $216,474 |
| 2023 | 427 | $11.3M | $178,288 | $287,142 |
| 2022 | 430 | $9.2M | $170,545 | $253,256 |
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 |
|---|---|---|---|---|
| CASSELL PLAN AUDITS | Auditor | — | — | $0 |
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 | $61,580 | — | — | — | — |
| 2023 | $73,057 | — | — | — | — |
| 2022 | $64,987 | — | — | — | — |