2023 Form 5500 filing — Solution Design Group 401(K) Profit Sharing Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241002144327NAL0014608192001) for Solution Design Group 401(K) Profit Sharing Plan, reported by Solution Design Group, Inc. under EIN 41-1652650 and plan number 001. It reports 274 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241002144327NAL0014608192001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Solution Design Group, Inc.
- EIN
- 41-1652650
- Plan number
- 001
- Location
- Golden Valley, MN
- Participants
- 274
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $30,530,225
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $30,530,225
- Employer contributions
- $226,796
- Participant contributions
- $2,941,839
- Total income / additions
- $7,401,703
- Benefits paid
- $1,747,084
- Administrative expenses
- $69,399
- Total expenses
- $1,817,390
- Net increase / (decrease)
- $5,584,313
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $36,254 | $0 |
| Harbour Investments Inc | INVESTMENT ADVISORY | $33,137 | $13 |