Plan Snapshot
- Plan Sponsor: Development Workshop, INC.
- Sponsor EIN: 820303456
- Sponsor Address: 555 W. 25TH STREET, IDAHO FALLS, ID, 83402
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 216
- Total Assets: $1.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 216 | $1.7M | $48,732 | $44,790 |
| 2023 | 146 | $1.6M | $48,583 | $42,877 |
| 2022 | 157 | $1.5M | $44,845 | $47,945 |
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 |
|---|---|---|---|---|
| PROFESSIONAL BENEFIT SERVICES INC | Other Service Provider | $7,071 | — | $7,071 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $5,869 | — | $5,869 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $5,136 | — | $5,136 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $18,076
- Estimated Expense Ratio: 1.073% 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 | $24,320 | — | — | — | — |
| 2023 | $27,112 | — | — | — | — |
| 2022 | $18,504 | — | — | — | $18,504 |