Plan Snapshot
- Plan Sponsor: Vroom INC.
- Sponsor EIN: 901112566
- Sponsor Address: 1071 CAMELBACK STREET, SUITE100, NEWPORT BEACH, CA, 92660
- Plan Type: 401(k)
- Total Participants: 68
- Total Assets: $11.7M
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 | 68 | $11.7M | $0 | $1.8M |
| 2023 | 794 | $16.3M | $0 | $4.5M |
| 2022 | 1,168 | $12.9M | $0 | $5.8M |
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 |
|---|---|---|---|---|
| FARBER, BLICHT, EYERMAN & HERZOG, L | Auditor | — | — | $0 |
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 | $67,103 | $134 | $38,888 | — | — |
| 2023 | $108,759 | $38,401 | $70,358 | — | — |
| 2022 | $109,596 | $39,933 | $69,663 | — | — |