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SCHMITT-SUSSMAN ENTERPRISES, INC. 401(K) PLAN

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Plan General Information

SCHMITT-SUSSMAN ENTERPRISES, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of SCHMITT-SUSSMAN ENTERPRISES, INC. 401(K) PLAN is $21,818,581.00.This plan was established in 1988.

SCHMITT-SUSSMAN ENTERPRISES, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in SCHMITT-SUSSMAN ENTERPRISES, INC. 401(K) PLAN is 250

SCHMITT-SUSSMAN ENTERPRISES, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for SCHMITT-SUSSMAN ENTERPRISES, INC. 401(K) PLAN is $87,274.00

SCHMITT-SUSSMAN ENTERPRISES, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for SCHMITT-SUSSMAN ENTERPRISES, INC. 401(K) PLAN is $4,178.00.

SCHMITT-SUSSMAN ENTERPRISES, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in SCHMITT-SUSSMAN ENTERPRISES, INC. 401(K) PLAN is approximately $897.00
Investing in this additonal $897.00 for 20 years would give you extra $57,408.00, assuming a 10% annual return.

SCHMITT-SUSSMAN ENTERPRISES, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, SCHMITT-SUSSMAN ENTERPRISES, INC. 401(K) PLAN allocates $224,250.00 to match its employees' contributions, providing an employer match rate of 20.84% of their contributions

SCHMITT-SUSSMAN ENTERPRISES, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of SCHMITT-SUSSMAN ENTERPRISES, INC. 401(K) PLAN is 21.74%.

SCHMITT-SUSSMAN ENTERPRISES, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for SCHMITT-SUSSMAN ENTERPRISES, INC. 401(K) PLAN is 18.16%. This measures the effectiveness of the plan participants' investments in the year.

SCHMITT-SUSSMAN ENTERPRISES, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of SCHMITT-SUSSMAN ENTERPRISES, INC. 401(K) PLAN is 0.50%.

Enrollment Features

SCHMITT-SUSSMAN ENTERPRISES, INC. 401(K) PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

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