Plan Snapshot
- Plan Sponsor: Product Development Associates, INC.
- Sponsor EIN: 411791080
- Sponsor Address: 1145 EAST CLIFF ROAD, BURNSVILLE, MN, 55337
- Plan Type: 401(k)
- Total Participants: 146
- Total Assets: $11.1M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 146 | $11.1M | $660,978 | $1.0M |
| 2023 | 139 | $8.9M | $542,250 | $841,336 |
| 2022 | 125 | $6.6M | $444,914 | $710,958 |
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 |
|---|---|---|---|---|
| DS&B, LTD. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DS&B, LTD. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $115,209 | — | $115,209 | — | — |
| 2023 | $87,065 | — | $87,065 | — | — |
| 2022 | — | — | — | — | — |