2023 Form 5500 filing — Design Electric, Inc. 401(K) Retirement 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 20250306114903NAL0010269841001) for Design Electric, Inc. 401(K) Retirement Plan, reported by Design Electric, Inc. under EIN 41-1223438 and plan number 001. It reports 167 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250306114903NAL0010269841001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Design Electric, Inc.
- EIN
- 41-1223438
- Plan number
- 001
- Location
- St. Cloud, MN
- Participants
- 167
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $21,431,383
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $21,431,383
- Employer contributions
- $588,895
- Participant contributions
- $764,725
- Total income / additions
- $3,912,201
- Benefits paid
- $1,455,441
- Administrative expenses
- $75,937
- Total expenses
- $1,532,831
- Net increase / (decrease)
- $2,379,370
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Kdv Wealth Management, LLC | INVESTMENT ADVISOR | $35,480 | not reported in the loaded dataset |
| Creative Planning Holdco LLC Dba Cr | INVESTMENT ADVISOR | $20,159 | not reported in the loaded dataset |
| Design Electric Inc | OTHER | $13,700 | not reported in the loaded dataset |
| Empower Annuity Insurance Company O | RECORDKEEPER | $4,294 | $0 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $2,304 | not reported in the loaded dataset |