Plan Snapshot
- Plan Sponsor: Verdun Management Co LLC
- Sponsor EIN: 933865302
- Sponsor Address: 945 BUNKER HILL ROAD, SUITE 1300, HOUSTON, TX, 77024
- Plan Type: 401(k)
- Total Participants: 223
- Total Assets: $89.6M
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 | 223 | $89.6M | $1.6M | $2.1M |
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 ADVISORY GROUP, LLC | Investment Advisor | $69,991 | — | $69,991 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $45,270 | — | $45,270 |
| CROWE LLP | Auditor | $26,250 | — | $26,250 |
| GALLAGHER BENEFIT SERVICES INC DBA | Investment Advisor | $20,000 | — | $20,000 |
| SWBC INVESTMENT ADVISORY SERV LLC D | Investment Advisor | $9,024 | — | $9,024 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $170,535
- Estimated Expense Ratio: 0.190% 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 | $171,534 | $125,264 | — | — | — |