Paul A. Schmitt Music Company
61
Plan:
Schmitt Flex Retirement Savings Plan
29
52
80
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 19 point difference between this plan's BrightScope Rating (61) and the top rated plan (80) could equate to:
[How is this calculated?]
[How is this calculated?]
9 additional years of work Up to $53,500 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.
Retirement Plan Description
Schmitt Flex Retirement Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 61. This plan is in the top 35% of plans for Account Balances, Investment Menu Quality, and Total Plan Cost. Schmitt Flex Retirement Savings Plan currently has over 200 active participants and over $11.2M in plan assets.
Retirement Plan Details
| Address |
2400 Freeway Blvd
Brooklyn Center, MN 55430 |
| Industry | Musical Instrument and Supplies Stores |
| Administrator | Robert Baker |
| Net Plan Assets | $11,200,000 |
| Total Participants | 230 |
| Avg Account Balance | $48,000 |
Compare Other Companies in Peer Group
| Ganz USA, LLC | 66.1 |
| Jerry's Sports, Inc. d/b/a Jerry's... | 59.8 |
| Jordan-Kitt Music | 55.2 |
| True Fitness Technology | 45.7 |
| Kevin | 45.7 |
| Sam Ash Music | 44.8 |
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