Plan Snapshot
- Plan Sponsor: Designatronics, Incorporated
- Sponsor EIN: 111972961
- Sponsor Address: 250 DUFFY AVENUE, HICKSVILLE, NY, 11801
- Plan Type: 401(k)
- Total Participants: 180
- Total Assets: $14.5M
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 | 180 | $14.5M | $182,208 | $718,923 |
| 2023 | 175 | $13.6M | $194,009 | $751,436 |
| 2022 | 196 | $14.1M | $218,036 | $820,658 |
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 |
|---|---|---|---|---|
| WIPFLI LLP | Auditor | $7,325 | — | $7,325 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WIPFLI LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,325
- Estimated Expense Ratio: 0.051% 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 | $23,729 | $26,677 | — | $7,325 | — |
| 2023 | $33,329 | $27,062 | — | $12,090 | — |
| 2022 | $28,758 | — | — | — | — |