Scharmach Enterprises, Inc. DBA BMW Northwest 401(k) match, vesting and fees
What Scharmach Enterprises, Inc. DBA BMW Northwest's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | John Hancock Life Insurance Company | Schedule C ↗ |
| Independent auditor | Rekdal Hopkins Howard, Ps (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,141 defined-contribution plans in retail trade with 100 to 499 participants.
| Scharmach Enterprises, Inc. DBA BMW Northwest: employer contribution per participant | $2,544 | |
| Peer median | $1,216 |
| Scharmach Enterprises, Inc. DBA BMW Northwest: average balance | $92,302 | |
| Peer median | $50,590 |
| Scharmach Enterprises, Inc. DBA BMW Northwest: admin expenses ÷ assets | 0.53% | |
| Peer median | 0.43% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $12.6M at the end of plan year 2021 to $13.1M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 238 | $13.1M | $361K | $2,544 | 0.53% | Not published | Form 5500 ↗ |
| 2023 | 205 | $11M | $313K | $2,337 | 0.30% | Not published | Form 5500 ↗ |
| 2022 | 220 | $9.6M | $319K | $1,993 | 0.27% | Not published | Form 5500 ↗ |
| 2021 | 218 | $12.6M | $310K | $1,924 | 0.27% | Not published | Form 5500 ↗ |
Common questions
Does Scharmach Enterprises, Inc. DBA BMW Northwest match 401(k) contributions?
The match terms for the Bmw Northwest 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $361K in employer contributions, about $2,544 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Scharmach Enterprises, Inc. DBA BMW Northwest 401(k) match vested?
The vesting schedule for the Bmw Northwest 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Scharmach Enterprises, Inc. DBA BMW Northwest 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is John Hancock Life Insurance Company. The plan administrator is Scharmach Enterprises, Inc. DBA Bmw Northwest.
I left Scharmach Enterprises, Inc. DBA BMW Northwest. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Scharmach Enterprises, Inc. DBA Bmw Northwest, (253) 517-2621) or the recordkeeper, John Hancock Life Insurance Company. The Scharmach Enterprises, Inc. DBA BMW Northwest old 401(k) page lists the contacts from every plan filing. Find an old Scharmach Enterprises, Inc. DBA BMW Northwest 401(k)
Data from the public Form 5500 annual reports Scharmach Enterprises, Inc. DBA BMW Northwest filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Scharmach Enterprises, Inc. DBA BMW Northwest. Not financial advice. Report a correction · Methodology