Plan Snapshot
- Plan Sponsor: Versique, INC.
- Sponsor EIN: 412012383
- Sponsor Address: 6465 WAYZATA BLVD, SUITE 800, MINNEAPOLIS, MN, 55426
- Plan Type: 401(k)
- Total Participants: 114
- Total Assets: $8.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 114 | $8.3M | $96,041 | $802,539 |
| 2023 | 97 | $7.0M | $100,294 | $957,270 |
| 2022 | 147 | $5.4M | $128,727 | $1.0M |
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 |
|---|---|---|---|---|
| BOYUM & BARENSCHEER PLLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BOYUM & BARENSCHEER PLLP — 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 | $60,890 | $26,677 | $34,213 | — | — |
| 2023 | $50,144 | $21,598 | $28,546 | — | — |
| 2022 | $42,567 | $19,159 | $21,158 | — | $2,250 |