Retirement plan

SOLUTION DESIGN GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Name: SOLUTION DESIGN GROUP, INC. - SOLUTION DESIGN GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST (2021) Form 5500
Creator: SOLUTION DESIGN GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOLUTION DESIGN GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST, SOLUTION DESIGN GROUP, INC.

SOLUTION DESIGN GROUP, INC.EIN 41-1652650Plan #002PY 2021

7500 OLSON MEMORIAL HWY, STE 250 - GOLDEN VALLEY, MN 55472952-278-2500solutiondesign.comLinkedIn201-500 employeesinformation technology and services

Other plans on this EIN

1 filing

#001Retirement-$26.2M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$23.4M

+35.5% from 2020

Total participants

219

+8.4% from 2020

Average account balance

$106,631

+25.0% from 2020

Annual return

33.74%

+9.13 pp from 2020

Benchmarks

See 5,715 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,715 peers

Snapshot2021

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$21.17M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$89K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

238

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$560K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-3.77%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2P2Q3I

Plan features

2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$984

$6 / participant

Other / not subdivided$984100.0%

% of EOY assets

0.004%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BOYUM BARENSCHEER, PLLP
Auditor EIN: 416192096
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,631

$104,479+2.1%

$159,474-33.1%

$79,391+34.3%

Participation rate

100.0%

76.6%+23.4pp

82.8%+17.2pp

70.7%+29.3pp

Annual return

33.74%

67.98%-34.2pp

263.68%-229.9pp

116.88%-83.1pp

Employer contribution / active EE

$1,921

$3,417-43.8%

$4,831-60.2%

$2,428-20.9%

Participant deferral / active EE

$6,468-100.0%

$7,353-100.0%

$4,046-100.0%

Admin fee / account holder

$711-99.4%

$10,802-100.0%

$627-99.3%

SOLUTION DESIGN GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOLUTION DESIGN GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion