Plan Snapshot
- Plan Sponsor: Difference Principle, INC.
- Sponsor EIN: 462088738
- Sponsor Address: 205 W HIGHLAND AVENUE SUITE 509, MILWAUKEE, WI, 53203
- Plan Type: 401(k)
- Total Participants: 268
- Total Assets: $2.6M
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 | 268 | $2.6M | $298,849 | $349,881 |
| 2023 | 232 | $1.9M | $99,141 | $322,355 |
| 2022 | 205 | $1.4M | $0 | $317,333 |
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 |
|---|---|---|---|---|
| AMERICAN UNITED LIFE INSURANCE CO | Other Service Provider | $992 | $15,991 | $16,983 |
| EDWARD D JONES AND CO | Other Service Provider | — | $10,418 | $10,418 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $27,401
- 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 | $13,271 | — | $13,271 | — | — |
| 2023 | $10,280 | — | $10,280 | — | — |
| 2022 | $3,696 | — | $3,696 | — | — |