Plan Snapshot
- Plan Sponsor: Vira Insight, LLC
- Sponsor EIN: 954564717
- Sponsor Address: 2701 S VALLEY PKWY, LEWISVILLE, TX, 75067
- Plan Type: 401(k)
- Total Participants: 201
- Total Assets: $12.2M
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 | 201 | $12.2M | $310,549 | $729,450 |
| 2023 | 173 | $10.9M | $286,192 | $650,973 |
| 2022 | 163 | $8.6M | $214,770 | $529,327 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $38,691 | — | $38,691 |
| BEACON POINTE ADVISORS, LLC. | INVESTMENT ADVISORY | $28,510 | $7 | $28,517 |
| WHITLEY PENN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BEACON POINTE ADVISORS, LLC. — INVESTMENT ADVISORY
- WHITLEY PENN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,208
- Estimated Expense Ratio: 0.550% 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 | $67,201 | $28,510 | $38,691 | — | — |
| 2023 | $55,296 | $22,868 | $32,428 | — | — |
| 2022 | $50,918 | $21,784 | $29,134 | — | — |