# Design Ready Controls, INC. 401(k) Plan
Source: https://planprovider.pro/companies/design-ready-controls-inc-401k-plan

> Design Ready Controls, INC.'s 401(k) plan: 470 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Design Ready Controls, INC.

- **Sponsor EIN:** 411649617

- **Sponsor Address:** 9325 WINNETKA AVENUE, NORTH, BROOKLYN PARK, MN, 55445

- **Plan Type:** 401(k)

- **Total Participants:** 470

- **Total Assets:** $15.1M

## 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|470|$15.1M|$540,940|$1.8M|

| 2023|506|$11.8M|$316,207|$1.6M|

| 2022|387|$9.2M|$250,242|$1.3M|

## 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|

| OLSEN THIELEN AND COMPANY|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [OLSEN THIELEN AND COMPANY](https://planprovider.pro/provider/olsen-thielen-and-co-ltd) — 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|$120,839|$2,715|—|—|—|

| 2023|$90,452|$2,039|—|—|—|

| 2022|$71,457|$1,778|—|—|—|

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