Plan Snapshot
- Plan Sponsor: Applied Engineering, INC.
- Sponsor EIN: 450396816
- Sponsor Address: 3300 FIECHTNER DRIVE SW, FARGO, ND, 58103
- Plan Type: 401(k)
- Total Participants: 83
- Total Assets: $18.8M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 83 | $18.8M | $902,711 | $543,268 |
| 2023 | 77 | $17.8M | $870,604 | $495,174 |
| 2022 | 85 | $17.3M | $599,321 | $498,799 |
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 |
|---|---|---|---|---|
| VALMARK ADVISERS INC | Investment Advisor | $28,659 | — | $28,659 |
| EMPOWER ANNUITY INS CO OF AMERICA | Recordkeeper | $20,162 | — | $20,162 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,821
- Estimated Expense Ratio: 0.260% of plan assets
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 | $51,411 | — | $51,411 | — | — |
| 2023 | $45,780 | $1,086 | $44,694 | — | — |
| 2022 | $45,452 | — | $45,452 | — | — |