Plan Ledger DOL Form 5500 · updated monthly

The Schemmer Associates Inc.401(k)

THE SCHEMMER ASSOCIATES INC. INCOME SAVINGS PLAN · OMAHA, NE · plan year 2024

Reported admin expense ratio · 2024
0.21%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

The Schemmer Associates Inc. reported $57,007 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $4,137 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 0.24% to 0.21%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 194th-largest of 565 plans among Nebraska employers on file, and the 4,196th of 11,654 in professional & technical services. In 2024, employees put in $1.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,832,500
Participants with balances198
Active participants139
Employer contributions$575,095
Employee contributions$1,088,919
Employer contribution per active participant$4,137
Average account balance$150,669
Benefits paid to participants$1,021,224
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$29.8M · 198 accts · $575K emplr
2023$23.9M · 202 accts · $591K emplr
2022$18.8M · 192 accts · $547K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,133
Investment management$26,928
Trustee / custodial$9,946
Total administrative$57,007
The The Schemmer Associates Inc. 401(k) match · 2024
Employer contribution per active participant$4,137
Median for plans this size$2,416
2024$4,137 per active participant
2023$4,218 per active participant
2022$3,960 per active participant

The Schemmer Associates Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$20,133
KARSTENS INVESTMENT COUNSEL, INC. · Investment advisory (plan)$26,928
NEWPORT TRUST COMPANY · Trustee · Trustee (discretionary)$9,946

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$57,007 · 0.21%
2023$52,463 · 0.25%
2022$48,244 · 0.24%
Same employer
Similar plansProfessional & Technical Services · Nebraska
Lamp Rynearson, Inc. NE$34.7M · 0.08%
Lamson Dugan & Murray LLP NE$30.9M · 0.37%
Team Software, LLC NE$30.8M · 0.20%
Alvine & Associates, Inc. NE$30.1M · 0.24%
Omaha Zoological Society NE$27.8M · 0.13%
Marketsphere Holdings LLC NE$26.8M · 0.26%
Pillen Family Farms, Inc. NE$26.5M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470520408 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.