Plan Snapshot
- Plan Sponsor: Veros Credit LLC
- Sponsor EIN: 273146015
- Sponsor Address: 2333 N BROADWAY STE 400, SANTA ANA, CA, 92706
- Plan Type: 401(k)
- Total Participants: 242
- Total Assets: $11.5M
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 | 242 | $11.5M | $1.1M | $986,236 |
| 2023 | 217 | $10.6M | $375,000 | $964,439 |
| 2022 | 221 | $7.9M | $600,000 | $915,745 |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | NONE | $48,374 | — | $48,374 |
| PENSIONMARK FINANCIAL GROUP, LLC | NONE | $32,561 | — | $32,561 |
| KIECKHAFER SCHIFFER LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STANCORP FINANCIAL GROUP — NONE
- KIECKHAFER SCHIFFER LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $80,935
- Estimated Expense Ratio: 0.703% 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 | $81,010 | $32,561 | $48,449 | — | — |
| 2023 | $72,075 | $33,284 | $38,791 | — | — |
| 2022 | $71,848 | — | $71,848 | — | — |