Plan Snapshot
- Plan Sponsor: Daikin Applied Americas INC.
- Sponsor EIN: 410404230
- Sponsor Address: 13600 INDUSTRIAL PARK BLVD., MINNEAPOLIS, MN, 55441
- Plan Type: 401(k)
- Total Participants: 6,659
- Total Assets: $589.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 6,659 | $589.8M | $26.9M | $37.4M |
| 2023 | 6,112 | $499.1M | $23.4M | $32.3M |
| 2022 | 5,930 | $407.9M | $19.9M | $27.2M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND S | RECORDKEEPER | $586,886 | — | $586,886 |
| EISNER AMPER LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EISNER AMPER LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $586,886
- Estimated Expense Ratio: 0.100% 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 | $720,133 | — | — | — | — |
| 2023 | $832,419 | — | — | — | — |
| 2022 | $590,612 | — | — | — | — |