# Applied Concepts, INC. 401(k) Plan
Source: https://planprovider.pro/companies/applied-concepts-inc-401k-plan-001-4925

> Applied Concepts, INC.'s 401(k) plan: 206 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Applied Concepts, INC.

- **Sponsor EIN:** 751544925

- **Sponsor Address:** 855 EAST COLLINS BLVD., RICHARDSON, TX, 75081

- **Plan Type:** 401(k)

- **Total Participants:** 206

- **Total Assets:** $13.4M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|206|$13.4M|$404,454|$1.4M|

| 2023|194|$11.9M|$107,888|$1.2M|

| 2022|187|$9.3M|$100,085|$991,090|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| SALMON SIMS THOMAS|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$109,500|—|—|—|—|

| 2023|$90,834|—|—|—|—|

| 2022|$47,046|—|$46,566|—|—|

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