2023 Form 5500 filing — Veriforce 401(K) Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241001144924NAL0006959617001) for Veriforce 401(K) Plan, reported by Veriforce, LLC under EIN 85-0478014 and plan number 002. It reports 324 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241001144924NAL0006959617001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Veriforce, LLC
- EIN
- 85-0478014
- Plan number
- 002
- Location
- The Woodlands, TX
- Participants
- 324
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $12,579,871
- Net assets (EOY)
- $12,579,871
- Employer contributions
- $771,233
- Participant contributions
- $1,468,757
- Total income / additions
- $4,135,041
- Benefits paid
- $921,522
- Administrative expenses
- $40,904
- Total expenses
- $962,426
- Net increase / (decrease)
- $3,172,615
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $25,100 | $0 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $15,774 | $0 |
| Nova 401k Associates | CONTRACT ADMIN | $5,328 | $0 |