401(k) · DOL Form 5500 · 2022

Paul a. Schmitt Music Company 401(k) Plan

Data updated 2026-08-25

$11M
Total assets Small plan by assets
232
Participants Below avg headcount
67th
Percentile by assets National rank
$47,747
Avg per participant Low balance/head
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Official DOL plan name: Schmitt * Flex Retirement Savings Plan · Sponsored by Paul a. Schmitt Music Company · Minnesota · Retail Trade

$11M in assets, 232 participants

Paul a. Schmitt Music Company's Schmitt * Flex Retirement Savings Plan reported $11M in total assets and 232 participants in its 2022 DOL Form 5500 filing, ranking in the 67th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,382 in Retail Trade (9,519 peers)

Coverage in Minnesota

Schmitt * Flex Retirement Savings Plan covers 232 participants in Minnesota, about 21% of the average Minnesota filer (state average ~1,126 per filing). Assets: $11M.

#7,382
in Retail Trade (9,519 peers)
-19.5%
assets change YoY

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Schmitt * Flex Retirement Savings Plan's outsized position by total assets

Schmitt * Flex Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$11,077,190 Top 33% higher than 67% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Schmitt * Flex Retirement Savings Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Schmitt * Flex Retirement Savings Plan sits mid-pack in the medium band (232 participants).

Form 5500 schedule snapshot

Filing strip 410526620 · Paul a. Schmitt Music Company PY 2022 · 401(k)

Schmitt * Flex Retirement Savings Plan · $11M · 232 · 67th

  • IND $11M
  • IND 232
  • IND 67th
  • IND 401(k)
  • IND near York Graphic Services Co. 401(k) Plan
  • IND ind #7382

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Retail Trade retirement plans → · Plans in Minnesota →

Schmitt * Flex Retirement Savings Plan in the asset neighbourhood

Schmitt * Flex Retirement Savings PlanSchmitt * Flex Retirement Sa…$11MYork Graphic Services Co. 401(k) PlanYork Graphic Services Co. 40…$11MButch's Rathole & Anchor Service, Inc. 401(k) PlanButch's Rathole & Anchor Ser…$11MTp Orthodontics, Inc. 401(k) Profit Sharing PlanTp Orthodontics, Inc. 401(k)…$11MAria Systems, LLC 401(k) Retirement PlanAria Systems, LLC 401(k) Ret…$11M
End-of-year total assets ($M) among Schmitt * Flex Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$11M
Net Income-$3M
Employer EIN410526620
Plan Effective Date1959-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Paul a. Schmitt Music Company)

Sponsor-wide plan assets over time

All Paul a. Schmitt Music Company plans reported in each filing year

Latest sponsor-wide plan assets
$10M 7.460077871734619% vs 2022
2024 filing year
$9M$9.5M$10M$10.5M$11M$11.5M 202220232024 $11.1M $10.3M ▼ -7.5%
Year Plans Participants Total Assets
2022 1 232 $11M
2023 1 200 $9M
2024 1 246 $10M

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Schmitt * Flex Retirement Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Schmitt * Flex Retirement Savings Plan, Total assets ($B): 0.01107719 · Participants: 232Schmitt * Flex Retirement Savings PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Target Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings Plan
Schmitt * Flex Retirement Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Schmitt * Flex Retirement Savings Plan side-by-side with 3 peers →

Schmitt * Flex Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is York Graphic Services Co. 401(k) Plan in PA ($11M); by covered participants it is Argo Data Resource Corporation 401(k) Plan in TX (232 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (232 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Schmitt * Flex Retirement Savings Plan assets move in 2022? ▼
Schmitt * Flex Retirement Savings Plan declined sharply - down 19.5% during 2022, from $14M to $11M. Reported net income was -$3M.
How have Paul a. Schmitt Music Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Paul a. Schmitt Music Company's sponsor-wide assets declined 7.5%, from $11M to $10M.
Which 401(k) plans are similar in size to Schmitt * Flex Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is York Graphic Services Co. 401(k) Plan in PA ($11M, 169 participants).
Which 401(k) plans cover a similar participant headcount to Schmitt * Flex Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Argo Data Resource Corporation 401(k) Plan in TX (232 participants, $42M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410526620.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.