Schimberg Co. 401(k) Plan: Login, Facts & Contact Information

Schimberg Co. 401(k) Plan Facts

Plan name
SCHIMBERG CO. PROFIT SHARING PLAN
Plan type
401(k) and profit sharing
Plan sponsor
SCHIMBERG CO.
Participants
171 (171 active employees)
Former employees with a balance
5
Plan assets
$41,846,299 at Dec 31, 2024
Average account balance
$258,310 across 162 accounts
Employer contributions
$2,561,898 in plan year 2024 (100% of all contributions)
Recordkeeper
Transamerica Retirement Solutions
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1979
— 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 Sep 10, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $2.56 million went into the plan in contributions, $2.56 million of it from the employer (100%).
  • $2.71 million was paid out to participants.
  • Investment and other income added $4.97 million.
  • Administrative expenses were $87,776, about $542 per account.

How the Schimberg Co. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019172$26.7 million$1.97 million$1.29 million
2020170$32.2 million$1.90 million$768,363
2021171$36.8 million$1.97 million$1.35 million
2022175$30.9 million$2.13 million$2.52 million
2023167$37.1 million$2.37 million$1.20 million
2024171$41.8 million$2.56 million$2.71 million

Schimberg Co. 401(k) Contact Information

Phone
319-365-9421
Mailing address
1106 SHAVER ROAD NE, CEDAR RAPIDS IA 52406
Plan sponsor
SCHIMBERG CO.
Employer identification number (EIN)
42-0509630
Plan number
001

Questions about the Schimberg Co. 401(k)

Does Schimberg Co contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $2.56 million in employer contributions for plan year 2024.

Does the Schimberg Co 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Schimberg Co 401(k) plan?

171 participants at the start of plan year 2024, 171 of them active employees, and 5 former employees who still had money in the plan.

What is the average 401(k) balance at Schimberg Co?

About $258,310 per account: $41.8 million in plan assets across 162 accounts with a balance at the end of plan year 2024.

Who manages the Schimberg Co 401(k) accounts?

Transamerica (listed on the filing as TRANSAMERICA RETIREMENT SOLUTIONS) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Schimberg Co. How do I access my 401(k)?

Your account stays with Transamerica 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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