401(k) · DOL Form 5500 · 2023

Schmitt Management Corporation 401(k) Plan

Data updated 2026-08-25

$11M
Total assets Small plan by assets
470
Participants Below avg headcount
61st
Percentile by assets National rank
$23,978
Avg per participant Low balance/head
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Official DOL plan name: Schmitt McDonald's 401(k) Plan & Trust · Sponsored by Schmitt Management Corporation · Illinois · Food Services & Accommodation

$11M in assets, 470 participants

Schmitt Management Corporation's Schmitt McDonald's 401(k) Plan & Trust reported $11M in total assets and 470 participants in its 2023 DOL Form 5500 filing, ranking in the 61st 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.

  • #3,341 in Food Services & Accommodation (3,828 peers)

Food Services & Accommodation sector rank

Within Food Services & Accommodation, Schmitt McDonald's 401(k) Plan & Trust ranks #3,341 of 3,828 2023 filers by assets (174% of the sector average)-$11M for 470 participants.

#3,341
in Food Services & Accommodation (3,828 peers)
+22.4%
assets growth YoY

Schmitt McDonald's 401(k) Plan & Trust's mid-pack asset rank among Food Services & Accommodation and all filers

Schmitt McDonald's 401(k) Plan & Trust vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$11,269,592 Top 39% higher than 61% of 127,068 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 2023

Schmitt McDonald's 401(k) Plan & Trust among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Schmitt McDonald's 401(k) Plan & Trust sits mid-pack in the medium band (470 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Schmitt McDonald's 401(k) Plan & Trust reported net income rose from -$3M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Schmitt McDonald's 401(k) Plan & Trust end-of-year assets rose from $9M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Schmitt McDonald's 401(k) Plan & Trust reported participants rose from 426 in the plan year 2022 filing to 470 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 363503402 · Schmitt Management Corporation PY 2023 · 401(k)

Schmitt McDonald's 401(k) Plan & Trust · $11M · 470 · 61st

  • BOOK $11M
  • VS-ST 470
  • BOY 61st
  • SCH 401(k)
  • EBSA near Rutland County Community Services Retirement Savings Plan
  • PART ind #3341

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 Food Services & Accommodation retirement plans → · Plans in Illinois →

Schmitt McDonald's 401(k) Plan & Trust in the asset neighbourhood

Schmitt McDonald's 401(k) Plan & TrustSchmitt McDonald's 401(k) Pl…$11MRutland County Community Services Retirement Savings PlanRutland County Community Ser…$11MWolgast Corporation Profit Sharing & 401(k) PlanWolgast Corporation Profit S…$11MGatehouse Management, Inc. 401(k) PlanGatehouse Management, Inc. 4…$11MCowin & Company, Inc. Employees 401(k) Profit Sharing PlanCowin & Company, Inc. Employ…$11M
End-of-year total assets ($M) among Schmitt McDonald's 401(k) Plan & Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Food Services & Accommodation filing particulars

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$11M
Net Income$2M
Employer EIN363503402
Plan Effective Date1999-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Schmitt Management Corporation)

Sponsor-wide plan assets over time

All Schmitt Management Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$7M 27.53672554778179% vs 2022
2024 filing year
$6M$8M$10M$12M 202220232024 $9.21M $6.67M ▼ -27.6%
Year Plans Participants Total Assets
2022 1 426 $9M
2023 1 470 $11M
2024 1 427 $7M

Nearby 401(k) Plans in Illinois

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

Schmitt McDonald's 401(k) Plan & Trust vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants Schmitt McDonald's 401(k) Plan & Trust, Total assets ($B): 0.011269592 · Participants: 470Schmitt McDonald's 401(k) Plan & TrustAccenture United States 401(k) Match Savings Plan, Total assets ($B): 17.594548115 · Participants: 69974Accenture United States 401(k) Match Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 16.935002041 · Participants: 60246State Farm 401(k) Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 14.496191 · Participants: 38012Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 14.367975914 · Participants: 14959United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 13.444551767 · Participants: 235331Walgreens Retirement Savings Plan
Schmitt McDonald's 401(k) Plan & Trust vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Schmitt McDonald's 401(k) Plan & Trust side-by-side with 3 peers →

Schmitt McDonald's 401(k) Plan & Trust's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Rutland County Community Services Retirement Savings Plan in VT ($11M); by covered participants it is Central Iowa Sheet Metal Workers Supplemental Retirement 401(k) Plan in IA (470 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (470 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Schmitt McDonald's 401(k) Plan & Trust assets move in 2023? ▼
Schmitt McDonald's 401(k) Plan & Trust grew sharply - up 22.4% during 2023, from $9M to $11M. Reported net income was $2M.
How have Schmitt Management Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Schmitt Management Corporation's sponsor-wide assets declined 27.5%, from $9M to $7M.
Which 401(k) plans are similar in size to Schmitt McDonald's 401(k) Plan & Trust? ▼
Among 401(k) plans in other states, the closest by assets is Rutland County Community Services Retirement Savings Plan in VT ($11M, 244 participants).
Which 401(k) plans cover a similar participant headcount to Schmitt McDonald's 401(k) Plan & Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Central Iowa Sheet Metal Workers Supplemental Retirement 401(k) Plan in IA (470 participants, $55M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 363503402.

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.