Plan Snapshot
- Plan Sponsor: Verbio North America LLC
- Sponsor EIN: 824412116
- Sponsor Address: 9 W BROAD STREET, STAMFORD, CT, 06902
- Plan Type: DC
- Total Participants: 209
- Total Assets: $6.1M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 209 | $6.1M | $973,122 | $1.0M |
| 2023 | 215 | $3.1M | $735,610 | $854,186 |
| 2022 | 105 | $1.4M | $364,097 | $485,666 |
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 |
|---|---|---|---|---|
| TRANSAMERICA FINANCIAL LIFE INSURAN | RECORDKEEPER | $26,771 | — | $26,771 |
| GLOBAL RETIREMENT PARTNERS LLC | INVESTMENT ADVISORY PLAN | $22,332 | — | $22,332 |
| FUTUREPLAN FIDUCIARY SERVICES LLC | RECORDKEEPER | $10,840 | — | $10,840 |
| FLORITA KORNHAAS & COMPANY PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA FINANCIAL LIFE INSURAN — RECORDKEEPER
- GLOBAL RETIREMENT PARTNERS LLC — INVESTMENT ADVISORY PLAN
- FUTUREPLAN FIDUCIARY SERVICES LLC — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $59,943
- Estimated Expense Ratio: 0.990% 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 | $59,944 | — | $59,944 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |