Plan Snapshot
- Plan Sponsor: Divurgent LLC
- Sponsor EIN: 261129326
- Sponsor Address: 4445 CORPORATION LANE - SUITE 232, VIRGINIA BEACH, VA, 23462
- Plan Type: 401(k)
- Total Participants: 210
- Total Assets: $11.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2024 | 210 | $11.4M | $0 | $1.2M |
| 2023 | 145 | $9.7M | $330,525 | $1.5M |
| 2022 | 257 | $7.2M | $639,543 | $1.4M |
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 |
|---|---|---|---|---|
| CHERRY BEKAERT LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $79,024 | $5,461 | $66,340 | — | — |
| 2023 | $70,191 | $4,088 | $51,246 | — | — |
| 2022 | $48,824 | $3,167 | $41,180 | — | $4,477 |