Plan Snapshot
- Plan Sponsor: Red Ventures LLC
- Sponsor EIN: 562177622
- Sponsor Address: 1101 RED VENTURES DRIVE, FORT MILL, SC, 297077200
- Plan Type: 401(k)
- Total Participants: 1,778
- Total Assets: $234.5M
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. |
|---|---|---|---|---|
| 2024 | 1,778 | $234.5M | $7.7M | $17.2M |
| 2023 | 1,836 | $211.6M | $8.9M | $18.5M |
| 2022 | 2,353 | $187.9M | $13.7M | $30.6M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $275,351 | — | $275,351 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $77,915 | — | $77,915 |
| KESTRA INVESTMENT SERVICES LLC | ADVISOR | $50,000 | — | $50,000 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- KESTRA INVESTMENT SERVICES LLC — ADVISOR
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $403,266
- Estimated Expense Ratio: 0.172% 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 | $403,266 | $127,915 | $300 | — | — |
| 2023 | $350,995 | $114,451 | — | — | — |
| 2022 | $401,012 | $56,330 | — | — | — |