Plan5500

Sifted 401(K) Profit Sharing Plan And Trust — Form 5500 plan (Veriship LLC Dba Sifted)

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, Sifted 401(K) Profit Sharing Plan And Trust is a benefit plan reported by Veriship LLC Dba Sifted under EIN 20-4726751 and plan number 001. The latest loaded filing year is 2023. The filing reports 189 participants and $6,515,992 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$6.5MPlan net assets, end of year$6,515,992
Participants189Covered participants reported
Assets / participant$34.5KComputed: assets ÷ participants$34,476 (computed)
Provider compensation$26K2 Schedule C provider row(s)$25,967
Plan sponsor
Veriship LLC Dba Sifted
EIN
20-4726751
Plan number
001
Plan type
2
Location
Kansas City, MO
Latest filing year
2023
How to read this plan profile
  • Net assets = total assets minus total liabilities, end of year (Schedule H/I).
  • Assets / participant is computed (assets ÷ reported participants) — a ratio, not a filed figure.
  • Schedule chips (Sch H / I / C) show which schedules each filing includes.
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • Figures are reported as filed, in whole dollars; verify against the official DOL/EBSA record before relying on them.
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    189 participants · 2Sch HSch C
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$6.5M total assets
Net assets$6.5MLiabilities$0
Money in vs. money out
Total income / additions$2.2M
Total expenses$914.5K
Benefits paid / distributions$889.2K
Contributions
Employer$485.4K
Participant$810.1K
Full reported line items

Net assets

Total assets (EOY)
$6,515,992
Total liabilities (EOY)
$0
Net assets (EOY)
$6,515,992
Net assets (BOY)
$5,247,370

Income & contributions

Employer contributions
$485,410
Participant contributions
$810,122
Total contributions
$1,334,101
Total income / additions
$2,183,101

Expenses & distributions

Benefits paid
$889,193
Administrative expenses
$25,967
Total expenses
$914,479
Net increase / (decrease)
$1,268,622
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 37%Participant 63%
Total expenses ÷ net assets14%Computed ratio
Benefits paid ÷ total income41%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Empower Annuity Insurance Company O$23.1K
    RECORDKEEPER · Direct $23.1K · Indirect $0
  2. 2
    Empower Advisory Group, LLC$2.9K
    INVESTMENT MGMT · Direct $2.9K

What to inspect next

Frequently asked questions

Who sponsors the Sifted 401(K) Profit Sharing Plan And Trust?
Sifted 401(K) Profit Sharing Plan And Trust is reported as sponsored by Veriship LLC Dba Sifted (EIN 20-4726751, plan number 001) in public Form 5500 filings.
What is the most recent Form 5500 filing year for Sifted 401(K) Profit Sharing Plan And Trust?
The latest Form 5500 filing year loaded for Sifted 401(K) Profit Sharing Plan And Trust is 2023.
How many participants does Sifted 401(K) Profit Sharing Plan And Trust report?
Sifted 401(K) Profit Sharing Plan And Trust reports 189 participants in its latest loaded Form 5500 filing.
What are the reported plan assets for Sifted 401(K) Profit Sharing Plan And Trust?
Sifted 401(K) Profit Sharing Plan And Trust reports $6,515,992 in end-of-year plan assets in its latest loaded Form 5500 filing.
Form 5500 terms, in plain English
Form 5500
The annual report most U.S. employee benefit plans file with the Department of Labor through the EFAST2 system. It documents the plan sponsor, participants, finances, and service-provider compensation.
Schedule H
The financial statement for larger plans (generally 100+ participants): assets, liabilities, net assets, income, expenses, and the net change.
Schedule I
The condensed financial statement for smaller plans, covering the same kinds of figures in less detail.
Schedule C
Reports compensation paid to the plan’s service providers — both direct and indirect.
Net assets
Total assets minus total liabilities at the end of the year — what the plan holds for participants.
Employer / participant contributions
Money contributed to the plan by the employer and by participants during the year.

Figures are reported as filed and may contain errors or omissions. Verify against the official DOL/EBSA record before relying on any value.

Related Form 5500 pages