Plan Snapshot
- Plan Sponsor: Solution Design Group, INC.
- Sponsor EIN: 411652650
- Sponsor Address: 7500 OLSON MEMORIAL HWY,, GOLDEN VALLEY, MN, 554274889
- Plan Type: 401(k)
- Total Participants: 198
- Total Assets: $35.4M
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 | 198 | $35.4M | $0 | $2.7M |
| 2023 | 206 | $30.5M | $226,796 | $2.9M |
| 2022 | 220 | $24.9M | $399,894 | $2.7M |
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 |
|---|---|---|---|---|
| BOYUM BARENSCHEER, PLLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BOYUM BARENSCHEER, PLLP — 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 | $71,781 | $28,794 | $42,987 | — | — |
| 2023 | $69,399 | $33,144 | $36,255 | — | — |
| 2022 | $67,352 | $36,182 | $31,170 | — | — |