Schmitty & Sons Holdings, Inc.ESOP
SCHMITTY & SONS HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST · LAKEVILLE, MN · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Schmitty & Sons Holdings, Inc. reported $60 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,771 per active participant. 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.
Across the 2 years on file its reported administrative ratio fell from 0.000% to 0.000%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 473rd-largest of 1,918 plans among Minnesota employers on file, and the 367th of 2,677 in transportation & warehousing. active participation has grown from 447 to 703 since 2022.
Schmitty & Sons Holdings, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
This plan has changed recordkeepers within these filings. If you left Schmitty & Sons Holdings, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
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Source: U.S. Department of Labor, Form 5500 series, EIN 810928055 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.