Schmidt Wallace Healthcare Management 401(k) match, vesting and fees
What Schmidt Wallace Healthcare Management'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 | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Carr Riggs and Ingram (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,380 defined-contribution plans in health care and social assistance with 500 to 999 participants.
| Schmidt Wallace Healthcare Management: employer contribution per participant | $1,373 | |
| Peer median | $1,337 |
| Schmidt Wallace Healthcare Management: average balance | $34,757 | |
| Peer median | $35,764 |
| Schmidt Wallace Healthcare Management: admin expenses ÷ assets | 0.77% | |
| Peer median | 0.32% |
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 $18.5M at the end of plan year 2021 to $19.1M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 954 | $19.1M | $754K | $1,373 | 0.77% | Not published | Form 5500 ↗ |
| 2023 | 910 | $17.6M | $716K | $1,339 | 0.71% | Not published | Form 5500 ↗ |
| 2022 | 1,136 | $15.5M | $667K | $1,320 | 0.67% | Not published | Form 5500 ↗ |
| 2021 | 1,081 | $18.5M | $656K | $1,314 | 0.71% | Not published | Form 5500 ↗ |
Common questions
Does Schmidt Wallace Healthcare Management match 401(k) contributions?
The match terms for the Schmidt Wallace Healthcare Management Company, Inc. 401(k) Retirement Savings have not been published from its filing yet. The plan year 2024 filing reports $754K in employer contributions, about $1,373 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Schmidt Wallace Healthcare Management 401(k) match vested?
The vesting schedule for the Schmidt Wallace Healthcare Management Company, Inc. 401(k) Retirement Savings is not in the data published so far. Your Summary Plan Description states it.
Who manages the Schmidt Wallace Healthcare Management 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Schmidt Wallace Healthcare Management Company.
I left Schmidt Wallace Healthcare Management. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Schmidt Wallace Healthcare Management Company, (334) 273-9002) or the recordkeeper, Principal Life Insurance Company. The Schmidt Wallace Healthcare Management old 401(k) page lists the contacts from every plan filing. Find an old Schmidt Wallace Healthcare Management 401(k)
Data from the public Form 5500 annual reports Schmidt Wallace Healthcare Management 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 Schmidt Wallace Healthcare Management. Not financial advice. Report a correction · Methodology