Plan Snapshot
- Plan Sponsor: Rid Ventures, LLC
- Sponsor EIN: 203851871
- Sponsor Address: 5215 COLLEY AVENUE, NORFOLK, VA, 23508
- Plan Type: 401(k)
- Total Participants: 6
- Total Assets: $5.6M
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 | 6 | $5.6M | $10,289 | $41,227 |
| 2023 | 7 | $6.8M | $10,809 | $40,989 |
| 2022 | 66 | $8.9M | $6,925 | $34,678 |
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 |
|---|---|---|---|---|
| WALL, EINHORN CHERNITZER, P.C. | 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 | $27,327 | $13,213 | $14,114 | — | — |
| 2023 | $58,443 | $15,491 | $42,952 | — | — |
| 2022 | $69,635 | $19,997 | $34,758 | — | $14,880 |