Plan Snapshot
- Plan Sponsor: Venture INC Of Beaufort
- Sponsor EIN: 593763767
- Sponsor Address: 20 SAMS POINT ROAD, BEAUFORT, SC, 29901
- Plan Type: 401(k)
- Total Participants: 245
- Total Assets: $15.1M
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 | 245 | $15.1M | $724,513 | $973,848 |
| 2023 | 225 | $12.2M | $732,944 | $973,221 |
| 2022 | 217 | $9.2M | $691,004 | $909,867 |
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 |
|---|---|---|---|---|
| CAROLINA QUALIFIED RETIREMENT PLAN | Other Service Provider | $37,400 | — | $37,400 |
| THE VANGUARD GROUP, INC. | Recordkeeper | $28,363 | — | $28,363 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE VANGUARD GROUP, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,763
- Estimated Expense Ratio: 0.435% 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 | $65,763 | $37,400 | $28,363 | — | — |
| 2023 | $58,350 | $29,598 | $28,752 | — | — |
| 2022 | $50,351 | — | $24,150 | — | — |