# Design Electric, INC. 401(k) Plan
Source: https://planprovider.pro/companies/design-electric-inc-401k-plan-002

> Design Electric, INC.'s 401(k) plan: 123 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/brown-edwards-and-company-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|$17,097|—|$17,097|—|—|

| 2023|$15,396|$8,937|$1,796|—|—|

| 2022|$16,025|$9,146|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/design-electric-inc-401k-plan-002)

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