Defined Benefit (Pension) · DOL Form 5500 · 2024

Schmidt Financial Group, Inc. Pension Plan

Data updated 2026-08-25

$524K
Total assets Small plan by assets
5
Participants Small participant base
18th
Percentile by assets National rank
$104,744
Avg per participant Below avg balance/head
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Official DOL plan name: Schmidt Financial Group, Inc. Pension Plan · Sponsored by Schmidt Financial Group, Inc. · Illinois · Finance & Insurance

$524K in assets, 5 participants

Schmidt Financial Group, Inc.'s Schmidt Financial Group, Inc. Pension Plan reported $524K in total assets and 5 participants in its 2024 DOL Form 5500 filing, ranking in the 18th 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.

  • #827 in Finance & Insurance (8,549 peers)

Schmidt Financial Group, Inc. multi-year trail

Schmidt Financial Group, Inc.'s plans moved -60.8% in assets from 2022 to 2024; this filing shows Schmidt Financial Group, Inc. Pension Plan at $524K / 5 participants.

#827
in Finance & Insurance (8,549 peers)
-62.6%
assets change YoY

The plan reported a net loss of $876K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Schmidt Financial Group, Inc. Pension Plan among the smaller filed plans by assets

Schmidt Financial Group, Inc. Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$523,722 18th percentile higher than 18% of 123,620 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 2024

Schmidt Financial Group, Inc. Pension Plan among micro filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Schmidt Financial Group, Inc. Pension Plan is a micro filing (5 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Schmidt Financial Group, Inc. Pension Plan reported net income fell from $63K in the plan year 2023 filing to -$876K in the plan year 2024 filing.
  • Schmidt Financial Group, Inc. Pension Plan end-of-year assets fell from $1M in the plan year 2023 filing to $524K in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 363622811 · Schmidt Financial Group, Inc. PY 2024 · Defined Benefit (Pension)

Schmidt Financial Group, Inc. Pension Plan · $524K · 5 · 18th

  • ASSETS $524K
  • ASSETS 5
  • ASSETS 18th
  • ASSETS Defined Benefit (Pension)
  • ASSETS near Myers Crop Insurance Agency, LLC Cash Balance Plan
  • ASSETS ind #827

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 Finance & Insurance retirement plans → · Plans in Illinois →

Schmidt Financial Group, Inc. Pension Plan in the asset neighbourhood

Schmidt Financial Group, Inc. Pension PlanSchmidt Financial Group, Inc…$524KMyers Crop Insurance Agency, LLC Cash Balance PlanMyers Crop Insurance Agency,…$522KJaper Electronics Inc Defined Benefit Pension PlanJaper Electronics Inc Define…$521KNicolas Party LLC Cash Balance PlanNicolas Party LLC Cash Balan…$521KEnersys Hourly Employees' Pension PlanEnersys Hourly Employees' Pe…$520K
End-of-year total assets ($M) among Schmidt Financial Group, Inc. Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Schmidt Financial Group, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Schmidt Financial Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$524K 60.8392037165676% vs 2022
2024 filing year
$0M$0.5M$1M$1.5M 202220232024 $1.34M $0.52M ▼ -61.2%
Year Plans Participants Total Assets
2022 1 7 $1M
2023 1 5 $1M
2024 1 5 $524K

Schmidt Financial Group, Inc. filing trail (2024)

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$524K
Net Income-$876K
Employer EIN363622811
Plan Effective Date2007-01-01
Filing StatusFILING RECEIVED

Nearby Defined Benefit (Pension) Plans in Illinois

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Schmidt Financial Group, Inc. Pension Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -200204060 Total assets ($B) Participants Schmidt Financial Group, Inc. Pension Plan, Total assets ($B): 0.000523722 · Participants: 5Schmidt Financial Group, Inc. Pension PlanCentral States, Southeast & Southwest Areas Pension Plan, Total assets ($B): 48.22071058 · Participants: 36799Central States, Southeast & Southwest Areas Pension PlanState Farm Insurance Companies Retirement Plan for United States Employees, Total assets ($B): 37.736369487 · Participants: 41619State Farm Insurance Companies Retirement Plan for United States EmployeesGE Healthcare Pension Plan, Total assets ($B): 13.74052931 · Participants: 5554GE Healthcare Pension PlanAbbott Laboratories Annuity Retirement Plan, Total assets ($B): 8.591907247 · Participants: 17875Abbott Laboratories Annuity Retirement PlanUnited Food & Commercial Workers Intl Union - Industry Pension Fund, Total assets ($B): 8.17675965 · Participants: 20984United Food & Commercial Workers Intl Union - Industry Pension Fund
Schmidt Financial Group, Inc. Pension Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
Compare Schmidt Financial Group, Inc. Pension Plan side-by-side with 3 peers →

Schmidt Financial Group, Inc. Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Illinois, the nearest Defined Benefit (Pension) by assets is Myers Crop Insurance Agency, LLC Cash Balance Plan in TX ($522K); by covered participants it is Alan Tajerstein Pension Plan in NY (5 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (5 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Schmidt Financial Group, Inc. Pension Plan assets move in 2024? ▼
Schmidt Financial Group, Inc. Pension Plan contracted severely - down 62.6% during 2024, from $1M to $524K. Reported net income was -$876K.
How have Schmidt Financial Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Schmidt Financial Group, Inc.'s sponsor-wide assets declined 60.8%, from $1M to $524K.
Where does Schmidt Financial Group, Inc. Pension Plan rank by assets among Form 5500 filers? ▼
Schmidt Financial Group, Inc. Pension Plan ranks in the 18th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the smaller plans by assets on file).
Which Defined Benefit (Pension) plans are similar in size to Schmidt Financial Group, Inc. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Myers Crop Insurance Agency, LLC Cash Balance Plan in TX ($522K, 3 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Schmidt Financial Group, Inc. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Alan Tajerstein Pension Plan in NY (5 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 363622811.

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.