Plan Snapshot
- Plan Sponsor: Digi International, INC.
- Sponsor EIN: 411532464
- Sponsor Address: 9350 EXCELSIOR BLVD, HOPKINS, MN, 55343
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,016
- Total Assets: $167.1M
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. |
|---|---|---|---|---|
| 2025 | 1,016 | $167.1M | $0 | $0 |
| 2024 | 644 | $143.1M | $2.7M | $6.7M |
| 2023 | 619 | $116.1M | $2.7M | $6.5M |
| 2022 | 621 | $98.4M | $2.5M | $5.8M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $78,411 | — | $78,411 |
| COMMONWEALTH FINANCIAL NETWORK | Investment Advisor | $35,000 | — | $35,000 |
| STRATEGIC ADVISERS LLC | Investment Advisor | $32,672 | — | $32,672 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $146,083
- Estimated Expense Ratio: 0.087% 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 |
|---|---|---|---|---|---|
| 2025 | $14,293,895 | $67,672 | — | — | — |
| 2024 | $116,464 | $55,027 | — | — | — |
| 2023 | $97,202 | $46,920 | — | — | — |
| 2022 | $101,316 | $6,362 | — | — | — |