Verified Credentials 401(k) match, vesting and fees
What Verified Credentials' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Newport Group, Inc. | Schedule C ↗ |
| Independent auditor | Ds&B. Ltd (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 1,446 defined-contribution plans in administrative, support and waste management services with 100 to 499 participants.
| Verified Credentials: employer contribution per participant | $2,532 | |
| Peer median | $1,495 |
| Verified Credentials: average balance | $96,603 | |
| Peer median | $34,563 |
| Verified Credentials: admin expenses ÷ assets | 0.55% | |
| Peer median | 0.51% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $11.9M at the end of plan year 2021 to $20M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 261 | $20M | $524K | $2,532 | 0.55% | Not published | Form 5500 ↗ |
| 2023 | 247 | $14.3M | $445K | $2,543 | 0.42% | Not published | Form 5500 ↗ |
| 2022 | 147 | $10.5M | $296K | $2,505 | 0.45% | Not published | Form 5500 ↗ |
| 2021 | 123 | $11.9M | $274K | $2,518 | 0.49% | Not published | Form 5500 ↗ |
Common questions
Does Verified Credentials match 401(k) contributions?
The match terms for the Verified Credentials, LLC 401(k) Safe Harbor Plan have not been published from its filing yet. The plan year 2024 filing reports $524K in employer contributions, about $2,532 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Verified Credentials 401(k) match vested?
The vesting schedule for the Verified Credentials, LLC 401(k) Safe Harbor Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Verified Credentials 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Newport Group, Inc.. The plan administrator is Verified Credentials, LLC.
I left Verified Credentials. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Verified Credentials, LLC, (952) 985-7200) or the recordkeeper, Newport Group, Inc.. The Verified Credentials old 401(k) page lists the contacts from every plan filing. Find an old Verified Credentials 401(k)
Data from the public Form 5500 annual reports Verified Credentials filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Verified Credentials. Not financial advice. Report a correction · Methodology