Plan Ledger DOL Form 5500 · updated monthly

Schmidt Real Estate, Inc.401(k)

SCHMIDT REAL ESTATE, INC. 401(K) PROFIT SHARING PLAN · TRAVERSE CITY, MI · plan year 2022

Reported admin expense ratio · 2022
1.12%

Schmidt Real Estate, Inc. reported $13,905 in plan administrative expenses for 2022: 1.12% of average plan assets, higher than ~90% of peers. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Michigan (2,469th of 2,619), and 1,948th of 2,096 in real estate & leasing.

Plan summary
Net assets, end of year$1,185,453
Participants with balances77
Active participants257
Employer contributions—
Employee contributions$217,004
Employer contribution per active participant—
Average account balance$15,395
Benefits paid to participants$128,483
Plan auditUnmodified (clean) audit opinion
AuditorDGN, LLC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$13,905
Total administrative$13,905
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$13,905 · 1.12%
Same employer
Similar plansReal Estate & Leasing · Michigan
M & Z Properties, Inc MI$1.4M · 1.60%
Greyston Bakery, Inc. NY$1.2M · 0.58%
Realty Payroll, Inc. VA$1.2M · 0.54%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 382189770 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.