401(k) · DOL Form 5500 · 2023

Paul a. Schmitt Music Company 401(k) Plan

Data updated 2026-08-25

$9M
Total assets Small plan by assets
200
Participants Below avg headcount
57th
Percentile by assets National rank
$47,353
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

$9M in assets, 200 participants

Paul a. Schmitt Music Company's Schmitt * Flex Retirement Savings Plan reported $9M in total assets and 200 participants in its 2023 DOL Form 5500 filing, ranking in the 57th 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.

  • #5,726 in Retail Trade (8,414 peers)

Coverage in Minnesota

Schmitt * Flex Retirement Savings Plan covers 200 participants in Minnesota, about 18% of the average Minnesota filer (state average ~1,126 per filing). Assets: $9M.

#5,726
in Retail Trade (8,414 peers)
-14.5%
assets change YoY

The plan reported a net loss of $2M 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 mid-pack asset rank among Retail Trade and all filers

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

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

$9,470,610 Top 43% higher than 57% 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 * Flex Retirement Savings Plan 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 * Flex Retirement Savings Plan sits mid-pack in the medium band (200 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Schmitt * Flex Retirement Savings Plan reported net income rose from -$3M in the plan year 2022 filing to -$2M in the plan year 2023 filing.
  • Schmitt * Flex Retirement Savings Plan end-of-year assets fell from $11M in the plan year 2022 filing to $9M in the plan year 2023 filing.
  • Schmitt * Flex Retirement Savings Plan reported participants fell from 232 in the plan year 2022 filing to 200 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 410526620 · Paul a. Schmitt Music Company PY 2023 · 401(k)

Schmitt * Flex Retirement Savings Plan · $9M · 200 · 57th

  • BOY $9M
  • BOY 200
  • BOY 57th
  • BOY 401(k)
  • BOY near Curtis Green and Clay Green 401(k) Plan
  • BOY ind #5726

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…$9MCurtis Green and Clay Green 401(k) PlanCurtis Green and Clay Green …$9MHighbar 401(k) Plan$9MCarewell Health 401(k) Plan$9MDaedong-USA, Inc. 401(k) Plan$9M
End-of-year total assets ($M) among Schmitt * Flex Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$9M
Net Income-$2M
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 -50510152025 Total assets ($B) Participants Schmitt * Flex Retirement Savings Plan, Total assets ($B): 0.00947061 · Participants: 200Schmitt * Flex Retirement Savings PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.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 Curtis Green and Clay Green 401(k) Plan in KY ($9M); by covered participants it is Factorial Restaurant Holdings LLC 401(k) Profit Sharing Plan in IL (200 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($9M here).

Similar participant headcount

Nearest other-state filings by covered participants (200 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 * Flex Retirement Savings Plan assets move in 2023? ▼
Schmitt * Flex Retirement Savings Plan pulled back noticeably - down 14.5% during 2023, from $11M to $9M. Reported net income was -$2M.
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 Curtis Green and Clay Green 401(k) Plan in KY ($9M, 234 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 Factorial Restaurant Holdings LLC 401(k) Profit Sharing Plan in IL (200 participants, $443 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 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.