Plan Snapshot
- Plan Sponsor: Convergeone Holdings, INC.
- Sponsor EIN: 814619427
- Sponsor Address: 10900 NESBITT AVENUE SOUTH, BLOOMINGTON, MN, 55437
- Plan Type: 401(k)
- Total Participants: 2,002
- Total Assets: $348.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 2,002 | $348.1M | $6.1M | $23.6M |
| 2023 | 2,151 | $333.8M | $6.8M | $26.0M |
| 2022 | 2,658 | $301.4M | $8.3M | $29.9M |
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 |
|---|---|---|---|---|
| RSM US LLP | Auditor | $14,150 | — | $14,150 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RSM US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $14,150
- Estimated Expense Ratio: 0.004% 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 | $449,713 | $173,242 | — | $14,150 | — |
| 2023 | $425,936 | $170,398 | — | $27,000 | — |
| 2022 | $417,701 | $146,747 | $226,454 | — | $44,500 |