# Danfoss Power Solutions Us Company 401(k) Plan
Source: https://planprovider.pro/companies/danfoss-power-solutions-us-company-401k-plan-003

> Danfoss Power Solutions Us Company's 401(k) plan: 3,063 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Danfoss Power Solutions Us Company

- **Sponsor EIN:** 421345015

- **Sponsor Address:** 2800 EAST 13TH STREET, AMES, IA, 50010

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

- **Total Participants:** 3,063

- **Total Assets:** $564.0M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|3,063|$564.0M|$16.3M|$23.8M|

| 2023|3,477|$507.0M|$16.6M|$24.0M|

| 2022|3,302|$425.1M|$14.5M|$21.2M|

## 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|

| UHY, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [UHY, LLP](https://planprovider.pro/provider/uhy-llp) — Auditor

## 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|$511,842|$139,652|—|—|—|

| 2023|$430,447|$101,663|—|—|—|

| 2022|$392,168|$96,509|—|—|$900|

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