Plan Snapshot
- Plan Sponsor: Design Electric, INC.
- Sponsor EIN: 411223438
- Sponsor Address: 4807 HEATHERWOOD RD, ST. CLOUD, MN, 56301
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 139
- Total Assets: $23.2M
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 | 139 | $23.2M | $596,133 | $896,459 |
| 2023 | 133 | $21.4M | $588,895 | $764,725 |
| 2022 | 122 | $19.1M | $531,948 | $657,533 |
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 |
|---|---|---|---|---|
| CREATIVE PLANNING HOLDCO LLC DBA CR | Investment Advisor | $55,975 | — | $55,975 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $24,998 | — | $24,998 |
| DESIGN ELECTRIC INC | Other Service Provider | $22,522 | — | $22,522 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $103,495
- Estimated Expense Ratio: 0.446% 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 | $107,815 | $60,295 | — | — | — |
| 2023 | $75,937 | $57,943 | — | — | — |
| 2022 | $81,263 | $46,078 | $35,185 | — | — |