401(k) · DOL Form 5500 · 2024
Paul a. Schmitt Music Company 401(k) Plan
Data updated 2026-08-25
- $10M
- Total assets Small plan by assets
- 246
- Participants Below avg headcount
- 56th
- Percentile by assets National rank
- $41,670
- Avg per participant Low balance/head
Official DOL plan name: Schmitt * Flex Retirement Savings Plan · Sponsored by Paul a. Schmitt Music Company · Minnesota · Retail Trade
$10M in assets, 246 participants
Paul a. Schmitt Music Company's Schmitt * Flex Retirement Savings Plan reported $10M in total assets and 246 participants in its 2024 DOL Form 5500 filing, ranking in the 56th 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.
- #5,386 in Retail Trade (8,048 peers)
Coverage in Minnesota
Schmitt * Flex Retirement Savings Plan covers 246 participants in Minnesota, about 22% of the average Minnesota filer (state average ~1,126 per filing). Assets: $10M.
- #5,386
- in Retail Trade (8,048 peers)
- +8.2%
- assets growth YoY
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 2024 · DOL Form 5500
$10,250,823 Top 44% higher than 56% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Schmitt * Flex Retirement Savings Plan among mid-size filed plans by headcount
Plan-year 2024 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 (246 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Schmitt * Flex Retirement Savings Plan reported net income rose from -$2M in the plan year 2023 filing to $780K in the plan year 2024 filing.
- Schmitt * Flex Retirement Savings Plan reported participants rose from 200 in the plan year 2023 filing to 246 in the plan year 2024 filing.
- Schmitt * Flex Retirement Savings Plan end-of-year assets rose from $9M in the plan year 2023 filing to $10M in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 410526620 · Paul a. Schmitt Music Company PY 2024 · 401(k)
Schmitt * Flex Retirement Savings Plan · $10M · 246 · 56th
- EOY $10M
- 5500 246
- ASSETS 56th
- PCT 401(k)
- EIN near Emcor Securities, Inc. 401(k) Plan
- RANK ind #5386
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
Minnesota filing particulars
| Total Assets (Beginning of Year) | $9M |
|---|---|
| Net Assets (End of Year) | $10M |
| Net Income | $780K |
| Employer EIN | 410526620 |
| Plan Effective Date | 1959-06-01 |
| Filing Status | FILING 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
| 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.
- Wells Fargo & Company 401(k) Plan $57.9B · 179,076
- Unitedhealth Group 401(k) Savings Plan $26.6B · 205,460
- Target Corporation 401(k) Plan $14.4B · 409,649
- Medtronic Savings and Investment Plan $13.7B · 38,480
- U.S. Bank 401(k) Savings Plan $11.4B · 73,109
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 Emcor Securities, Inc. 401(k) Plan in VT ($10M); by covered participants it is Russ' Restaurants Savings and Retirement Plan in MI (246 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($10M here).
- Emcor Securities, Inc. 401(k) Plan (VT) $10M · 4
- Nevada H.a.N.D., Inc. 401(k) Plan (NV) $10M · 196
- Ageiss Inc. 401(k) Profit Sharing Plan (CO) $10M · 110
- Diacom 401(k) Savings Plan (NH) $10M · 126
Similar participant headcount
Nearest other-state filings by covered participants (246 participants); asset peers above are excluded.
- Russ' Restaurants Savings and Retirement Plan (MI) 246 · 0 off
- Biltmore Farms, LLC 401(k) Plan (NC) 246 · 0 off
- Precision Valve & Automation, Inc 401(k) Plan (NY) 246 · 0 off
- Pioneer Bank, National Association 401(k) Savings Plan (NY) 246 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.