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)

Compensation reported on the 2023 filing
ProviderServiceDirect comp.Indirect comp.
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$36,254$0
Harbour Investments IncINVESTMENT ADVISORY$33,137$13

Related Form 5500 pages