Plan Snapshot
- Plan Sponsor: Vinco, INC.
- Sponsor EIN: 411874693
- Sponsor Address: 18995 FOREST BLVD., FOREST LAKE, MN, 55025
- Plan Type: 401(k)
- Total Participants: 231
- Total Assets: $17.7M
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 | 231 | $17.7M | $1.2M | $1.0M |
| 2023 | 256 | $15.0M | $1.1M | $1.0M |
| 2022 | 263 | $11.6M | $649,028 | $768,866 |
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 |
|---|---|---|---|---|
| TAX SHELTERED COMPENSATION, INC. | Recordkeeper | $14,908 | $97 | $15,005 |
| BOYUM BARENSCHEER | Auditor | $13,750 | — | $13,750 |
| TRANSAMERICA FINANCIAL LIFE INS CO | Recordkeeper | $6,203 | — | $6,203 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BOYUM BARENSCHEER — Auditor
- TRANSAMERICA FINANCIAL LIFE INS CO — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,958
- Estimated Expense Ratio: 0.198% 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 | $73,151 | — | $73,151 | — | — |
| 2023 | $28,067 | — | $28,067 | — | — |
| 2022 | $15,497 | — | $15,497 | — | — |