Plan Snapshot
- Plan Sponsor: Veritas Funding, LLC
- Sponsor EIN: 861092244
- Sponsor Address: 7050 UNION PARK AVE, MIDVALE, UT, 84047
- Plan Type: 401(k)
- Total Participants: 138
- Total Assets: $12.0M
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 | 138 | $12.0M | $225,238 | $606,370 |
| 2023 | 154 | $10.7M | $232,679 | $637,094 |
| 2022 | 195 | $9.8M | $402,918 | $996,518 |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS | INVESTMENT ADVISOR | $21,995 | — | $21,995 |
| THE VANGUARD GROUP, INC. | RECORD KEEPER | $20,874 | — | $20,874 |
| UNITED 401K PLANS, INC. | THIRD PARTY ADMIN | $5,562 | — | $5,562 |
| HBME, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS — INVESTMENT ADVISOR
- THE VANGUARD GROUP, INC. — RECORD KEEPER
- UNITED 401K PLANS, INC. — THIRD PARTY ADMIN
- HBME, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,431
- Estimated Expense Ratio: 0.403% 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 | $44,867 | — | $44,867 | — | — |
| 2023 | $47,848 | — | $47,848 | — | — |
| 2022 | $51,526 | — | $48,736 | — | — |