Plan Snapshot
- Plan Sponsor: Danfoss Power Solutions Us Company
- Sponsor EIN: 421345015
- Sponsor Address: 2800 EAST 13TH STREET, AMES, IA, 50010
- Plan Type: DB
- Total Participants: 889
- Total Assets: $150.8M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 889 | $150.8M | $3.5M | $0 |
| 2023 | 1,014 | $153.4M | $3.5M | $0 |
| 2022 | 1,107 | $146.4M | $3.5M | $0 |
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 |
|---|---|---|---|---|
| SEI INVESTMENTS COMPANY | Other Service Provider | $295,344 | — | $295,344 |
| STATE STREET BANK AND TRUST | Other Service Provider | $68,059 | — | $68,059 |
| MERCER | Other Service Provider | $42,667 | — | $42,667 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $406,070
- Estimated Expense Ratio: 0.269% 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 | $718,968 | $295,344 | — | — | — |
| 2023 | $1,053,836 | $289,029 | — | — | — |
| 2022 | $483,208 | — | — | — | — |