# Design Electric, INC. 401(k) Plan
Source: https://planprovider.pro/companies/design-electric-inc-411223438-001

> Design Electric, INC.'s 401(k) plan: 139 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:** 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|—|—|

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