Plan Snapshot
- Plan Sponsor: Verified Credentials, LLC
- Sponsor EIN: 411505620
- Sponsor Address: 20890 KENBRIDGE COURT, LAKEVILLE, MN, 550448041
- Plan Type: 401(k)
- Total Participants: 227
- Total Assets: $20.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 227 | $20.0M | $524,023 | $1.0M |
| 2023 | 211 | $14.3M | $445,062 | $823,772 |
| 2022 | 128 | $10.5M | $295,648 | $540,074 |
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 |
|---|---|---|---|---|
| DS&B. LTD | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DS&B. LTD — 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 | $94,026 | $71,515 | $5,468 | — | — |
| 2023 | $52,252 | $48,046 | $631 | — | — |
| 2022 | $49,930 | $42,672 | $7,258 | — | — |