Retirement plan

THE SCHEMMER ASSOCIATES INC. INCOME SAVINGS PLAN

Name: THE SCHEMMER ASSOCIATES INC. - THE SCHEMMER ASSOCIATES INC. INCOME SAVINGS PLAN (2023) Form 5500
Creator: THE SCHEMMER ASSOCIATES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE SCHEMMER ASSOCIATES INC. INCOME SAVINGS PLAN, THE SCHEMMER ASSOCIATES INC.

THE SCHEMMER ASSOCIATES INC.EIN 47-0520408Plan #003PY 2023

1044 NORTH 115TH STREET, SUITE 300 - OMAHA, NE 68154402-431-6328

Other plans on this EIN

1 filing

#004Retirement-$1.4M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$23.9M

+27.1% from 2022

Total participants

208

+5.1% from 2022

Average account balance

$118,289

+20.8% from 2022

Annual return

23.55%

+42.33 pp from 2022

Benchmarks

See 6,228 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,228 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$29.83M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$151K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

198

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

91.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+22.16%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$288

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
KARSTENS INVESTMENT COUNSEL, INC.9+ years Service code 27 · EIN 47-0768986	Advisory (Plan)	$29,976
NEWPORT GROUP, INC.8 years Service code 13 · EIN 27-2037969	Contract Administrator	$14,444
NEWPORT GROUP, INC.3 years Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 27-4411131	Trustee (individual); Trustee (direct...	$8,043

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$52K

$375 / participant

Recordkeeping$2K3.4%
Trustee / custodial$8K15.3%
Investment mgmt$30K57.1%
Contract admin$13K24.1%

% of EOY assets

0.220%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LUTZ & COMPANY, P.C.
Auditor EIN: 470625816
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$118,289

$91,474+29.3%

$135,982-13.0%

$71,529+65.4%

Participation rate

95.7%

75.7%+20.0pp

81.9%+13.8pp

67.9%+27.8pp

Annual return

23.55%

29.89%-6.3pp

68.32%-44.8pp

28.97%-5.4pp

Employer contribution / active EE

$4,218

$3,705+13.8%

$4,859-13.2%

$2,590+62.9%

Participant deferral / active EE

$8,008

$7,095+12.9%

$7,760+3.2%

$4,291+86.6%

Admin fee / account holder

$260

$1,267-79.5%

$10,767-97.6%

$1,588-83.7%

Provider

Service type

Compensation

KARSTENS INVESTMENT COUNSEL, INC.9+ years

Service code 27 · EIN 47-0768986

Advisory (Plan)

$29,976

NEWPORT GROUP, INC.8 years

Service code 13 · EIN 27-2037969

Contract Administrator

$14,444

NEWPORT GROUP, INC.3 years

Filed as: NEWPORT TRUST COMPANY

Service code 20 · EIN 27-4411131

Trustee (individual); Trustee (direct...

$8,043

THE SCHEMMER ASSOCIATES INC. INCOME SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE SCHEMMER ASSOCIATES INC. INCOME SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion