Schmidt Wallace Healthcare Management Company 401(k) Plan: Login, Facts & Contact Information

Schmidt Wallace Healthcare Management Company 401(k) Plan Facts

Plan name
SCHMIDT WALLACE HEALTHCARE MANAGEMENT COMPANY, INC. 401(K) RETIREMENT SAVINGS
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SCHMIDT WALLACE HEALTHCARE MANAGEMENT COMPANY
Participants
1,054 (875 active employees)
Former employees with a balance
79
Plan assets
$19,081,640 at Dec 31, 2024
Average account balance
$34,757 across 549 accounts
Employer contributions
$753,952 in plan year 2024 (39% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Mar 1, 2002
✓ 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 14, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $1.93 million went into the plan in contributions, $753,952 of it from the employer (39%).
  • $2.56 million was paid out to participants.
  • Investment and other income added $2.23 million.
  • Administrative expenses were $140,767, about $256 per account.

How the Schmidt Wallace Healthcare Management Company 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,080$15.2 million$656,826$857,831
20201,200$16.0 million$660,461$2.75 million
20211,028$18.5 million$655,762$1.36 million
20221,093$15.5 million$666,520$1.46 million
2023960$17.6 million$716,167$1.84 million
20241,054$19.1 million$753,952$2.56 million

Schmidt Wallace Healthcare Management Company 401(k) Contact Information

Phone
334-273-9002
Mailing address
100 PERRY HILL ROAD, MONTGOMERY AL 361093630
Plan sponsor
SCHMIDT WALLACE HEALTHCARE MANAGEMENT COMPANY
Employer identification number (EIN)
63-1278870
Plan number
001

Questions about the Schmidt Wallace Healthcare Management Company 401(k)

Does Schmidt Wallace Healthcare Management Company contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $753,952, 39% of all contributions.

Does the Schmidt Wallace Healthcare Management Company 401(k) have automatic enrollment?

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

How many people are in the Schmidt Wallace Healthcare Management Company 401(k) plan?

1,054 participants at the start of plan year 2024, 875 of them active employees, and 79 former employees who still had money in the plan.

What is the average 401(k) balance at Schmidt Wallace Healthcare Management Company?

About $34,757 per account: $19.1 million in plan assets across 549 accounts with a balance at the end of plan year 2024.

Who manages the Schmidt Wallace Healthcare Management Company 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Schmidt Wallace Healthcare Management Company. How do I access my 401(k)?

Your account stays with Principal 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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