# Rid Ventures, LLC 401(k) Plan
Source: https://planprovider.pro/companies/rid-ventures-llc-401k-plan

> Rid Ventures, LLC's 401(k) plan: 6 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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