# Development Homes, INC. 401(k) Plan
Source: https://planprovider.pro/companies/development-homes-inc-450322736-002

> Development Homes, INC.'s 401(k) plan: 416 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Development Homes, INC.

- **Sponsor EIN:** 450322736

- **Sponsor Address:** 225 E. HIGHWAY 121, COPPELL, TX, 75019

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

- **Plan Number:** 002

- **Total Participants:** 416

- **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|416|$14.5M|$399,021|$589,577|

| 2023|367|$12.4M|$479,714|$519,610|

| 2022|348|$10.7M|$348,725|$485,884|

## 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|

| ALERUS FINANCIAL, N.A.|Recordkeeper|$55,835|—|$55,835|

### Verified Provider Profiles

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

- [ALERUS FINANCIAL, N.A.](https://planprovider.pro/provider/intellicents-inc) — Recordkeeper

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $55,835

- **Estimated Expense Ratio:** 0.384% 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|$67,575|$51,055|—|—|—|

| 2023|$58,372|—|—|—|—|

| 2022|$56,433|$22,049|$34,384|—|—|

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