Paul A. Schmitt Music Company 401(k) Plan: Login, Facts & Contact Information

Paul A. Schmitt Music Company 401(k) Plan Facts

Plan name
SCHMITT * FLEX RETIREMENT SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PAUL A. SCHMITT MUSIC COMPANY
Participants
287 (252 active employees)
Former employees with a balance
40
Plan assets
$10,250,823 at Dec 31, 2024
Average account balance
$54,526 across 188 accounts
Recordkeeper
Empower Annuity Insurance Company O
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jun 1, 1959
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 10, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $466,085 went into the plan in contributions.
  • $494,491 was paid out to participants.
  • Investment and other income added $856,224.
  • Administrative expenses were $47,606, about $253 per account.

How the Paul A. Schmitt Music Company 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019202$13.3 million$47,960$643,436
2020227$12.8 million$0$2.21 million
2021262$13.8 million$40,501$570,002
2022275$11.1 million$39,584$1.21 million
2023243$9.47 million$40$3.23 million
2024287$10.3 million$0$494,491

Paul A. Schmitt Music Company 401(k) Contact Information

Phone
763-398-5014
Mailing address
7800 HARMONY DRIVE, BLOOMINGTON MN 55439
Plan sponsor
PAUL A. SCHMITT MUSIC COMPANY
Employer identification number (EIN)
41-0526620
Plan number
001

Questions about the Paul A. Schmitt Music Company 401(k)

Does Paul A. Schmitt Music Company contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement.

Does the Paul A. Schmitt Music Company 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Paul A. Schmitt Music Company 401(k) plan?

287 participants at the start of plan year 2024, 252 of them active employees, and 40 former employees who still had money in the plan.

What is the average 401(k) balance at Paul A. Schmitt Music Company?

About $54,526 per account: $10.3 million in plan assets across 188 accounts with a balance at the end of plan year 2024.

Who manages the Paul A. Schmitt Music Company 401(k) accounts?

Empower (listed on the filing as EMPOWER ANNUITY INSURANCE COMPANY O) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Paul A. Schmitt Music Company. How do I access my 401(k)?

Your account stays with Empower after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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