Plan Snapshot
- Plan Sponsor: Vera Automotive, INC.
- Sponsor EIN: 651030360
- Sponsor Address: 300 S. UNIVERSITY DRIVE, PEMBROKE PINES, FL, 33025
- Plan Type: 401(k)
- Total Participants: 125
- Total Assets: $11.2M
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 | 125 | $11.2M | $288,984 | $562,648 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS CO OF AMERICA | Recordkeeper | $26,035 | — | $26,035 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $17,755 | — | $17,755 |
| WELLS FARGO ADVISORS LLC | Investment Advisor | $9,291 | — | $9,291 |
| DEFINITI, LLC | Other Service Provider | $1,950 | $6,781 | $8,731 |
| BDO USA | Auditor | $5,950 | — | $5,950 |
| WELLS FARGO CLEARING SERVICES LLC | Investment Advisor | — | $5,542 | $5,542 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $73,304
- Estimated Expense Ratio: 0.654% 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 | $52,792 | — | $52,792 | — | — |