Department of Labor filing

SCHWAB INDUSTRIES, INC.

SCHWAB INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 14, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

8filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$788

Reported employer contributions per active participant.

Higher than about 11% of comparable plans

#People in the filing

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$733 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 1% of comparable plans

↗Investment performance

Not available

Plan assets changed 9.6%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 20248out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions11th percentileTypical peer $2,253 · based on 132 comparable plans

Lower reported administrative expense1st percentileTypical peer $214 · based on 136 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, SCHWAB INDUSTRIES, INC. reported $63,057 in employer contributions across the plan and 80 active participants. That works out to $788 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy56%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 16.3%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 2109.9%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context8/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $63,057
Participant contributions: $449,053
Other contributions: $145,294
Employer share of reported contributions: 12.3%
Beginning assets: $5,358,537
Ending assets: $5,870,587
Ending net assets: $5,870,587
Ending liabilities: $0
Total income: $1,184,364
Total expenses: $672,314
Administrative expenses: $78,484
Participant loans: $166,985

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$942

2023

$977

2024

$788

Plan-paid administrative expenses per participant

2022

$33

2023

$31

2024

$733

Active participants

2022

2023

2024

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$788	80	5.9M	20251014101450NAL0001211459001
2023	$977	81	5.4M	20241014141833NAL0052636722001
2022	$942	92	4.6M	20231016124431NAL0038342273001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 2.8%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 382556594-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1993
Industry: Industry group 332
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2R2S2T3B3D

Current plan terms

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Filing ACK_ID20251014101450NAL0001211459001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗