Plan Snapshot
- Plan Sponsor: Cvrx, INC.
- Sponsor EIN: 411983744
- Sponsor Address: 9201 WEST BROADWAY AVE, MINNEAPOLIS, MN, 55445
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 238
- Total Assets: $17.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 238 | $17.4M | $0 | $0 |
| 2024 | 194 | $11.7M | $1.1M | $2.1M |
| 2023 | 181 | $10.4M | $7,035 | $1.6M |
| 2022 | 142 | $8.2M | $0 | $1.3M |
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 |
|---|---|---|---|---|
| WEALTHSPIRE RETIREMENT ADVISORY | Investment Advisor | $31,961 | — | $31,961 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $22,503 | — | $22,503 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $7,211 | — | $7,211 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $61,675
- Estimated Expense Ratio: 0.355% 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 |
|---|---|---|---|---|---|
| 2025 | $2,497,864 | $39,172 | — | — | — |
| 2024 | $49,497 | $29,782 | — | — | — |
| 2023 | $1,104,641 | — | — | — | — |
| 2022 | $1,407,451 | — | — | — | — |