# Open Door Center 401(k) Plan
Source: https://planprovider.pro/companies/open-door-center-450277603-002

> Open Door Center's 401(k) plan: 169 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Open Door Center

- **Sponsor EIN:** 450277603

- **Sponsor Address:** 129 3RD AVENUE NORTHEAST, VALLEY CITY, ND, 58072

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

- **Plan Number:** 002

- **Total Participants:** 169

- **Total Assets:** $22.8M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **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|169|$22.8M|$497,789|$198,206|

| 2023|161|$21.5M|$502,729|$195,619|

| 2022|139|$21.1M|$927,837|$229,569|

## 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|

| BELL BANK|Other Service Provider|$53,601|—|$53,601|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $53,601

- **Estimated Expense Ratio:** 0.235% 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|$53,601|—|—|—|—|

| 2023|$50,587|—|$565|—|—|

| 2022|$55,861|—|$55,861|—|—|

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