# Verified Credentials, LLC 401(k) Plan
Source: https://planprovider.pro/companies/verified-credentials-llc-plan-001

> Verified Credentials, LLC's 401(k) plan: 227 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/dsandb-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|—|—|

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/verified-credentials-llc-plan-001)

© 2026 PlanProvider.Pro