Plan Snapshot
- Plan Sponsor: Versova Management Company
- Sponsor EIN: 810903080
- Sponsor Address: 241 SAINT ANDREWS WAY, SIOUX CENTER, IA, 51520
- Plan Type: 401(k)
- Total Participants: 1,659
- Total Assets: $29.0M
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 | 1,659 | $29.0M | $1.6M | $2.7M |
| 2023 | 1,167 | $18.4M | $1.2M | $2.0M |
| 2022 | 1,103 | $14.1M | $1.1M | $1.8M |
| 2018 | 753 | $6.3M | $0 | $0 |
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 |
|---|---|---|---|---|
| PRIMARY WEALTH MANAGEMENT LLC | SERVICE PROVIDER | — | $114,143 | $114,143 |
| PENSION ADMINISTRATORS LLC | THIRD PARTY ADMINISTRATO | — | $11,141 | $11,141 |
| FROST, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FROST, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $125,284
- Estimated Expense Ratio: 0.432% 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 | $168,669 | — | — | — | — |
| 2023 | $120,103 | — | — | — | — |
| 2022 | $117,217 | — | — | — | $117,217 |
| 2018 | $17,080 | — | $17,080 | — | — |