Plan Snapshot
- Plan Sponsor: Veradigm LLC
- Sponsor EIN: 561306083
- Sponsor Address: 305 CHURCH AT NORTH HILLS STREET, RALEIGH, NC, 27609
- Plan Type: 401(k)
- Total Participants: 1,790
- Total Assets: $605.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,790 | $605.0M | $9.2M | $20.8M |
| 2023 | 1,680 | $557.8M | $8.3M | $18.5M |
| 2022 | 1,721 | $807.9M | $18.5M | $44.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INC | NONE | $274,803 | — | $274,803 |
| CAPFINANCIAL PARTNERS LLC | NONE | $139,562 | — | $139,562 |
| TRUIST BANK | NONE | $46,521 | — | $46,521 |
| EISNERAMPER LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES,INC — NONE
- EISNERAMPER LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $460,886
- Estimated Expense Ratio: 0.076% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $461,260 | $213,431 | — | — | — |
| 2023 | $444,176 | $203,641 | — | — | — |
| 2022 | $864,867 | $265,145 | — | — | $10,974 |