Schmitty & Sons School Buses, Inc. 401(k) Plan: Login, Facts & Contact Information
Schmitty & Sons School Buses, Inc. 401(k) Login
86 former Schmitty & Sons School Buses, Inc. employees still have money in this plan.
Retirement plan providers can change. This information is from the plan's 2022 filing.
Schmitty & Sons School Buses, Inc. 401(k) Plan Facts
Source: Form 5500 for plan year 2022 (Jul 1, 2022 – Jun 30, 2023), filed Apr 15, 2024. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2022
- $1.57 million went into the plan in contributions, $501,645 of it from the employer (32%).
- $1.25 million was paid out to participants.
- Investment and other income added $964,264.
- Administrative expenses were $90,607, about $303 per account.
How the Schmitty & Sons School Buses, Inc. 401(k) changed, 2017–2022
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2017 | 402 | $5.97 million | $302,012 | $224,167 |
| 2018 | 448 | $6.84 million | $339,808 | $420,406 |
| 2019 | 517 | $7.71 million | $360,132 | $367,796 |
| 2020 | 566 | $10.3 million | $357,443 | $822,001 |
| 2021 | 558 | $9.07 million | $444,994 | $1.19 million |
| 2022 | 560 | $10.3 million | $501,645 | $1.25 million |
Schmitty & Sons School Buses, Inc. 401(k) Contact Information
Questions about the Schmitty & Sons School Buses, Inc. 401(k)
Does Schmitty & Sons School Buses, Inc contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2022 the employer contributed $501,645, 32% of all contributions.
Does the Schmitty & Sons School Buses, Inc 401(k) have automatic enrollment?
No. The plan does not report automatic enrollment; employees enroll themselves.
How many people are in the Schmitty & Sons School Buses, Inc 401(k) plan?
560 participants at the start of plan year 2022, 479 of them active employees, and 86 former employees who still had money in the plan.
What is the average 401(k) balance at Schmitty & Sons School Buses, Inc?
About $34,347 per account: $10.3 million in plan assets across 299 accounts with a balance at the end of plan year 2022.
Who manages the Schmitty & Sons School Buses, Inc 401(k) accounts?
John Hancock (listed on the filing as JOHN HANCOCK LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.
I no longer work at Schmitty & Sons School Buses, Inc. How do I access my 401(k)?
Your account stays with John Hancock 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.