Plan Snapshot
- Plan Sponsor: Design Electric, INC.
- Sponsor EIN: 541232883
- Sponsor Address: 1307 CARLTON AVENUE, CHARLOTTSVLE, VA, 229025887
- Plan Type: 401(k)
- Total Participants: 123
- Total Assets: $6.6M
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 | 123 | $6.6M | $119,507 | $516,257 |
| 2023 | 127 | $6.3M | $125,082 | $517,963 |
| 2022 | 139 | $5.7M | $113,356 | $490,357 |
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 |
|---|---|---|---|---|
| BROWN EDWARDS & CO | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BROWN EDWARDS & CO — 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 | $17,097 | — | $17,097 | — | — |
| 2023 | $15,396 | $8,937 | $1,796 | — | — |
| 2022 | $16,025 | $9,146 | — | — | — |