Plan Snapshot
- Plan Sponsor: Veit & Company, INC.
- Sponsor EIN: 410840260
- Sponsor Address: 14000 VEIT PLACE, ROGERS, MN, 55374
- Plan Type: 401(k)
- Total Participants: 844
- Total Assets: $73.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 844 | $73.3M | $2.0M | $5.2M |
| 2023 | 863 | $62.4M | $1.8M | $4.5M |
| 2022 | 758 | $50.7M | $1.6M | $3.9M |
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 |
|---|---|---|---|---|
| WIPFLI LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WIPFLI LLP — Auditor
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 | $138,752 | $50,000 | — | — | — |
| 2023 | $129,492 | $50,000 | — | — | — |
| 2022 | $125,405 | $49,997 | $75,408 | — | — |