Plan Snapshot
- Plan Sponsor: Vaso Corporation
- Sponsor EIN: 112871434
- Sponsor Address: 137 COMMERCIAL ST #200, PLAINVIEW, NY, 11803
- Plan Type: 401(k)
- Total Participants: 221
- Total Assets: $16.2M
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 | 221 | $16.2M | $350,724 | $1.8M |
| 2023 | 221 | $13.5M | $238,690 | $1.7M |
| 2022 | 207 | $11.2M | $119,200 | $1.5M |
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 |
|---|---|---|---|---|
| PRINCIPAL SECURITIES INC | OTHER SERVICES | — | $23,565 | $23,565 |
| ASSOCIATED PENSION CONSULTANT | CONTRACT ADMINISTRATOR | $1,235 | $6,157 | $7,392 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $6,528 | — | $6,528 |
| EICHEN & DIMEGLIO, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EICHEN & DIMEGLIO, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $37,485
- Estimated Expense Ratio: 0.231% 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 | $7,763 | — | $7,763 | — | — |
| 2023 | $6,768 | — | $6,768 | — | — |
| 2022 | $5,354 | — | $5,354 | — | — |