Schmitty & Sons Holdings 401(k) match, vesting and fees
What Schmitty & Sons Holdings' 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 | Alerus Financial, N.A. | Schedule C ↗ |
| Independent auditor | Ellingson & Ellingson (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,836 defined-contribution plans in transportation and warehousing with 100 to 499 participants.
| Schmitty & Sons Holdings: employer contribution per participant | $1,722 | |
| Peer median | $1,076 |
| Schmitty & Sons Holdings: average balance | $36,937 | |
| Peer median | $31,804 |
| Schmitty & Sons Holdings: admin expenses ÷ assets | 0.65% | |
| Peer median | 0.46% |
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 $10.6M at the end of plan year 2023 to $13.2M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 810 | $13.2M | $615K | $1,722 | 0.65% | Not published | Form 5500 ↗ |
| 2023 | 726 | $10.6M | $572K | $1,664 | 0.82% | Not published | Form 5500 ↗ |
Other Schmitty & Sons Holdings plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Schmitty & Sons Holdings, Inc. Employee Stock Ownership Plan and Trust
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.
| Independent auditor | Ellingsen & Ellingsen, Ltd (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
Common questions
Does Schmitty & Sons Holdings match 401(k) contributions?
The match terms for the Schmitty & Sons Holdings, Inc. 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $615K in employer contributions, about $1,722 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Schmitty & Sons Holdings 401(k) match vested?
The vesting schedule for the Schmitty & Sons Holdings, Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Schmitty & Sons Holdings 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Alerus Financial, N.A.. The plan administrator is Schmitty & Sons Holdings, Inc..
I left Schmitty & Sons Holdings. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Schmitty & Sons Holdings, Inc., (952) 985-7542) or the recordkeeper, Alerus Financial, N.A.. The Schmitty & Sons Holdings old 401(k) page lists the contacts from every plan filing. Find an old Schmitty & Sons Holdings 401(k)
Data from the public Form 5500 annual reports Schmitty & Sons Holdings 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 Schmitty & Sons Holdings. Not financial advice. Report a correction · Methodology