Veriforce 401(K) Plan — Form 5500 plan (Veriforce, LLC)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Veriforce 401(K) Plan is a benefit plan reported by Veriforce, LLC under EIN 85-0478014 and plan number 002. The latest loaded filing year is 2023. The filing reports 324 participants and $12,579,871 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Veriforce, LLC
EIN
85-0478014
Plan number
002
Plan type
2
Location
The Woodlands, TX
Latest filing year
2023
Participants
324
End-of-year plan assets
$12,579,871

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023324H, C20241001144924NAL0006959617001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$12,579,871
Net assets (EOY)
$12,579,871
Net assets (BOY)
$9,407,256

Income & contributions

Employer contributions
$771,233
Participant contributions
$1,468,757
Total contributions
$2,305,396
Total income / additions
$4,135,041

Expenses & distributions

Benefits paid
$921,522
Administrative expenses
$40,904
Total expenses
$962,426
Net increase / (decrease)
$3,172,615

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Empower Annuity Insurance CompanyRECORDKEEPER$25,100$02023
Empower Advisory Group, LLCINVESTMENT MGMT$15,774$02023
Nova 401k AssociatesCONTRACT ADMIN$5,328$02023

Related Form 5500 pages