Plan Ledger DOL Form 5500 · updated monthly

Solution Design Group, Inc.401(k)

SOLUTION DESIGN GROUP 401(K) PROFIT SHARING PLAN · GOLDEN VALLEY, MN · plan year 2024

Reported admin expense ratio · 2024
0.22%

Solution Design Group, Inc. reported $71,781 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.26% to 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 613th-largest of 1,918 plans among Minnesota employers on file, and the 3,649th of 11,654 in professional & technical services. active participation has shrunk from 220 to 198 since 2022.

Plan summary
Net assets, end of year$35,419,273
Participants with balances262
Active participants198
Employer contributions—
Employee contributions$2,681,929
Employer contribution per active participant—
Average account balance$135,188
Benefits paid to participants$2,150,225
Plan auditUnmodified (clean) audit opinion
AuditorBOYUM BARENSCHEER, PLLP
Plan history3
Yearassets · accounts · employer contribution
2024$35.4M · 262 accts
2023$30.5M · 271 accts · $227K emplr
2022$24.9M · 277 accts · $400K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,987
Investment management$28,794
Total administrative$71,781
What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$42,987
HARBOUR INVESTMENTS INC · Investment advisory (plan)$28,788

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$71,781 · 0.22%
2023$69,399 · 0.25%
2022$67,352 · 0.26%
All plans at this employer2
SOLUTION DESIGN GROUP 401(K) PROFIT SHARING PLAN401(k)
SOLUTION DESIGN GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUSTESOP
Same employer
Similar plansProfessional & Technical Services · Minnesota
Larson Engineering, Inc. MN$36.4M · 0.25%
Abdo, LLP MN$35.5M · 0.25%
The Moscoe Group, Inc. MN$34.7M · 0.39%
Minnetronix Medical, Inc. MN$34.6M · 0.22%
Collective Measures, Inc. MN$33.8M · 0.03%
Netspi, LLC MN$33.5M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411652650 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.