Solution Design Group 401(K) Profit Sharing Plan — Form 5500 plan (Solution Design Group, Inc.)

Plain-English plan 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, Solution Design Group 401(K) Profit Sharing Plan is a benefit plan reported by Solution Design Group, Inc. under EIN 41-1652650 and plan number 001. The latest loaded filing year is 2023. The filing reports 274 participants and $30,530,225 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Solution Design Group, Inc.
EIN
41-1652650
Plan number
001
Plan type
2
Location
Golden Valley, MN
Latest filing year
2023
Participants
274
End-of-year plan assets
$30,530,225

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023274H, C20241002144327NAL0014608192001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$30,530,225
Total liabilities (EOY)
$0
Net assets (EOY)
$30,530,225
Net assets (BOY)
$24,945,912

Income & contributions

Employer contributions
$226,796
Participant contributions
$2,941,839
Total contributions
$3,413,695
Total income / additions
$7,401,703

Expenses & distributions

Benefits paid
$1,747,084
Administrative expenses
$69,399
Total expenses
$1,817,390
Net increase / (decrease)
$5,584,313

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$36,254$02023
Harbour Investments IncINVESTMENT ADVISORY$33,137$132023

Related Form 5500 pages