Plan Snapshot
- Plan Sponsor: The Schemmer Associates INC.
- Sponsor EIN: 470520408
- Sponsor Address: 1044 NORTH 115TH STREET, OMAHA, NE, 68154
- Plan Type: 401(k)
- Total Participants: 139
- Total Assets: $29.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 139 | $29.8M | $575,095 | $1.1M |
| 2023 | 140 | $23.9M | $590,557 | $1.1M |
| 2022 | 138 | $18.8M | $546,528 | $1.1M |
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 |
|---|---|---|---|---|
| KARSTENS INVESTMENT COUNSEL, INC. | ADVISOR | $26,928 | — | $26,928 |
| NEWPORT GROUP, INC. | RECORDKEEPER | $20,133 | — | $20,133 |
| NEWPORT TRUST COMPANY | TRUSTEE | $9,946 | — | $9,946 |
| LUTZ & COMPANY, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LUTZ & COMPANY, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,007
- Estimated Expense Ratio: 0.191% 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 | $57,007 | $26,928 | $16,398 | — | — |
| 2023 | $52,463 | $29,976 | $12,656 | — | — |
| 2022 | $48,244 | $27,816 | $12,996 | — | $7,432 |