Civic Intelligence

Schmidt Financial Inc.

Plan context: Schmidt Financial Inc. 401(K) Profit Sharing Plan

EIN 41-1905171 • Mendota Heights, MN • 16 filings • 8 plans

2265 Waters DriveMendota Heights, MN 55120
Current Snapshot

Latest Year

2023

2023 Participants

11

2023 Assets

$2,510,739

2023 Contributions

$239,375

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$2,745,978$1,372,989$0200820152022YearValue
$2,510,739Latest year 2022

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

1160200820152022YearValue
11Latest year 2022

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
202310$0$0-
Schmidt Financial Inc. 401(K) Profit Sharing Plan-0$0--
2022111$2,510,739$239,375$21,761iApproximate average salary by contribution assumption: employee only about $544,034 at 4% or $362,689 at 6%; with 50% employer match about $362,689 at 4% or $241,793 at 6%; with 100% employer match about $272,017 at 4% or $181,345 at 6%.
Schmidt Financial Inc. 401(K) Profit Sharing Plan-11$2,510,739$239,375$21,761iApproximate average salary by contribution assumption: employee only about $544,034 at 4% or $362,689 at 6%; with 50% employer match about $362,689 at 4% or $241,793 at 6%; with 100% employer match about $272,017 at 4% or $181,345 at 6%.
2021110$2,745,978$182,738$18,274iApproximate average salary by contribution assumption: employee only about $456,845 at 4% or $304,563 at 6%; with 50% employer match about $304,563 at 4% or $203,042 at 6%; with 100% employer match about $228,423 at 4% or $152,282 at 6%.
Schmidt Financial Inc. 401(K) Profit Sharing Plan-10$2,745,978$182,738$18,274iApproximate average salary by contribution assumption: employee only about $456,845 at 4% or $304,563 at 6%; with 50% employer match about $304,563 at 4% or $203,042 at 6%; with 100% employer match about $228,423 at 4% or $152,282 at 6%.
2020111$2,418,276$207,057$18,823iApproximate average salary by contribution assumption: employee only about $470,584 at 4% or $313,723 at 6%; with 50% employer match about $313,723 at 4% or $209,148 at 6%; with 100% employer match about $235,292 at 4% or $156,861 at 6%.
Schmidt Financial Inc. 401(K) Profit Sharing Plan-11$2,418,276$207,057$18,823iApproximate average salary by contribution assumption: employee only about $470,584 at 4% or $313,723 at 6%; with 50% employer match about $313,723 at 4% or $209,148 at 6%; with 100% employer match about $235,292 at 4% or $156,861 at 6%.
201919$1,899,215$437,272$48,586iApproximate average salary by contribution assumption: employee only about $1,214,644 at 4% or $809,763 at 6%; with 50% employer match about $809,763 at 4% or $539,842 at 6%; with 100% employer match about $607,322 at 4% or $404,881 at 6%.
Schmidt Financial Inc. 401(K) Profit Sharing Plan-9$1,899,215$437,272$48,586iApproximate average salary by contribution assumption: employee only about $1,214,644 at 4% or $809,763 at 6%; with 50% employer match about $809,763 at 4% or $539,842 at 6%; with 100% employer match about $607,322 at 4% or $404,881 at 6%.
2018110$1,234,630$141,393$14,139iApproximate average salary by contribution assumption: employee only about $353,483 at 4% or $235,655 at 6%; with 50% employer match about $235,655 at 4% or $157,103 at 6%; with 100% employer match about $176,741 at 4% or $117,828 at 6%.
Schmidt Financial Inc. 401(K) Profit Sharing Plan-10$1,234,630$141,393$14,139iApproximate average salary by contribution assumption: employee only about $353,483 at 4% or $235,655 at 6%; with 50% employer match about $235,655 at 4% or $157,103 at 6%; with 100% employer match about $176,741 at 4% or $117,828 at 6%.
2017110$1,273,602$143,495$14,350iApproximate average salary by contribution assumption: employee only about $358,738 at 4% or $239,158 at 6%; with 50% employer match about $239,158 at 4% or $159,439 at 6%; with 100% employer match about $179,369 at 4% or $119,579 at 6%.
Schmidt Financial Inc. 401(K) Profit Sharing Plan-10$1,273,602$143,495$14,350iApproximate average salary by contribution assumption: employee only about $358,738 at 4% or $239,158 at 6%; with 50% employer match about $239,158 at 4% or $159,439 at 6%; with 100% employer match about $179,369 at 4% or $119,579 at 6%.
2016111$1,450,702$130,203$11,837iApproximate average salary by contribution assumption: employee only about $295,916 at 4% or $197,277 at 6%; with 50% employer match about $197,277 at 4% or $131,518 at 6%; with 100% employer match about $147,958 at 4% or $98,639 at 6%.
Schmidt Financial Inc. 401(K) Profit Sharing Plan-11$1,450,702$130,203$11,837iApproximate average salary by contribution assumption: employee only about $295,916 at 4% or $197,277 at 6%; with 50% employer match about $197,277 at 4% or $131,518 at 6%; with 100% employer match about $147,958 at 4% or $98,639 at 6%.
201519$1,173,608$79,801$8,867iApproximate average salary by contribution assumption: employee only about $221,669 at 4% or $147,780 at 6%; with 50% employer match about $147,780 at 4% or $98,520 at 6%; with 100% employer match about $110,835 at 4% or $73,890 at 6%.
Schmidt Financial Inc. 401(K) Profit Sharing Plan-9$1,173,608$79,801$8,867iApproximate average salary by contribution assumption: employee only about $221,669 at 4% or $147,780 at 6%; with 50% employer match about $147,780 at 4% or $98,520 at 6%; with 100% employer match about $110,835 at 4% or $73,890 at 6%.
201418$1,135,342$139,148$17,394iApproximate average salary by contribution assumption: employee only about $434,838 at 4% or $289,892 at 6%; with 50% employer match about $289,892 at 4% or $193,261 at 6%; with 100% employer match about $217,419 at 4% or $144,946 at 6%.
Schmidt Financial Inc. 401(K) Profit Sharing Plan-8$1,135,342$139,148$17,394iApproximate average salary by contribution assumption: employee only about $434,838 at 4% or $289,892 at 6%; with 50% employer match about $289,892 at 4% or $193,261 at 6%; with 100% employer match about $217,419 at 4% or $144,946 at 6%.
201316$962,514$325,445$54,241iApproximate average salary by contribution assumption: employee only about $1,356,021 at 4% or $904,014 at 6%; with 50% employer match about $904,014 at 4% or $602,676 at 6%; with 100% employer match about $678,010 at 4% or $452,007 at 6%.
Schmidt Financial Inc. 401(K) Profit Sharing Plan-6$962,514$325,445$54,241iApproximate average salary by contribution assumption: employee only about $1,356,021 at 4% or $904,014 at 6%; with 50% employer match about $904,014 at 4% or $602,676 at 6%; with 100% employer match about $678,010 at 4% or $452,007 at 6%.
201215$499,684$80,069$16,014iApproximate average salary by contribution assumption: employee only about $400,345 at 4% or $266,897 at 6%; with 50% employer match about $266,897 at 4% or $177,931 at 6%; with 100% employer match about $200,173 at 4% or $133,448 at 6%.
Schmidt Financial Inc. 401(K) Profit Sharing Plan-5$499,684$80,069$16,014iApproximate average salary by contribution assumption: employee only about $400,345 at 4% or $266,897 at 6%; with 50% employer match about $266,897 at 4% or $177,931 at 6%; with 100% employer match about $200,173 at 4% or $133,448 at 6%.
201115$355,141$50,040$10,008iApproximate average salary by contribution assumption: employee only about $250,200 at 4% or $166,800 at 6%; with 50% employer match about $166,800 at 4% or $111,200 at 6%; with 100% employer match about $125,100 at 4% or $83,400 at 6%.
Schmidt Financial Inc. 401(K) Profit Sharing Plan-5$355,141$50,040$10,008iApproximate average salary by contribution assumption: employee only about $250,200 at 4% or $166,800 at 6%; with 50% employer match about $166,800 at 4% or $111,200 at 6%; with 100% employer match about $125,100 at 4% or $83,400 at 6%.
201015$304,521$39,426$7,885iApproximate average salary by contribution assumption: employee only about $197,130 at 4% or $131,420 at 6%; with 50% employer match about $131,420 at 4% or $87,613 at 6%; with 100% employer match about $98,565 at 4% or $65,710 at 6%.
Schmidt Financial Inc. 401(K) Profit Sharing Plan-5$304,521$39,426$7,885iApproximate average salary by contribution assumption: employee only about $197,130 at 4% or $131,420 at 6%; with 50% employer match about $131,420 at 4% or $87,613 at 6%; with 100% employer match about $98,565 at 4% or $65,710 at 6%.
200913$206,177$30,783$10,261iApproximate average salary by contribution assumption: employee only about $256,525 at 4% or $171,017 at 6%; with 50% employer match about $171,017 at 4% or $114,011 at 6%; with 100% employer match about $128,263 at 4% or $85,508 at 6%.
Schmidt Financial Inc. 401(K) Profit Sharing Plan-3$206,177$30,783$10,261iApproximate average salary by contribution assumption: employee only about $256,525 at 4% or $171,017 at 6%; with 50% employer match about $171,017 at 4% or $114,011 at 6%; with 100% employer match about $128,263 at 4% or $85,508 at 6%.
200813$158,580$35,725$11,908iApproximate average salary by contribution assumption: employee only about $297,708 at 4% or $198,472 at 6%; with 50% employer match about $198,472 at 4% or $132,315 at 6%; with 100% employer match about $148,854 at 4% or $99,236 at 6%.
Schmidt Financial Inc. 401(K) Profit Sharing Plan-3$158,580$35,725$11,908iApproximate average salary by contribution assumption: employee only about $297,708 at 4% or $198,472 at 6%; with 50% employer match about $198,472 at 4% or $132,315 at 6%; with 100% employer match about $148,854 at 4% or $99,236 at 6%.
Schmidt Financial Inc. | EIN 41-1905171 | 2023 Form 5500 Company Profile