Design Ready Controls 401(k) match, vesting and fees
What Design Ready Controls' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Transamerica Life Insurance Co | Schedule C ↗ |
| Independent auditor | Olsen Thielen and Company (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,612 defined-contribution plans in manufacturing with 500 to 999 participants.
| Design Ready Controls: employer contribution per participant | $1,021 | |
| Peer median | $2,038 |
| Design Ready Controls: average balance | $28,547 | |
| Peer median | $72,907 |
| Design Ready Controls: admin expenses ÷ assets | 0.90% | |
| Peer median | 0.20% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $10.1M at the end of plan year 2021 to $15.1M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 559 | $15.1M | $541K | $1,021 | 0.90% | Not published | Form 5500 ↗ |
| 2023 | 622 | $11.8M | $316K | $535 | 0.86% | Not published | Form 5500 ↗ |
| 2022 | 482 | $9.2M | $250K | $552 | 0.74% | Not published | Form 5500 ↗ |
| 2021 | 463 | $10.1M | $306K | $713 | 0.79% | Not published | Form 5500 ↗ |
Common questions
Does Design Ready Controls match 401(k) contributions?
The match terms for the Design Ready Controls, Inc. 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $541K in employer contributions, about $1,021 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Design Ready Controls 401(k) match vested?
The vesting schedule for the Design Ready Controls, Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Design Ready Controls 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Transamerica Life Insurance Co. The plan administrator is Design Ready Controls, Inc..
I left Design Ready Controls. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Design Ready Controls, Inc., (763) 235-1352) or the recordkeeper, Transamerica Life Insurance Co. The Design Ready Controls old 401(k) page lists the contacts from every plan filing. Find an old Design Ready Controls 401(k)
Data from the public Form 5500 annual reports Design Ready Controls filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Design Ready Controls. Not financial advice. Report a correction · Methodology