# Venture INC Of Beaufort 401(k) Plan
Source: https://planprovider.pro/companies/venture-inc-of-beaufort-401k-plan

> Venture INC Of Beaufort's 401(k) plan: 245 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| DRAFFIN -TUCKER|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [DRAFFIN -TUCKER](https://planprovider.pro/provider/draffin-and-tucker) — 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|$65,763|$37,400|$28,363|—|—|

| 2023|$58,350|$29,598|$28,752|—|—|

| 2022|$50,351|—|$24,150|—|—|

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