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RETIREMENT INCOME SECURITY PLAN-VERINOVUM, INC. 401k Plan overview

Plan NameRETIREMENT INCOME SECURITY PLAN-VERINOVUM, INC.
Plan identification number 001

RETIREMENT INCOME SECURITY PLAN-VERINOVUM, INC. Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

VERINOVUM, INC. has sponsored the creation of one or more 401k plans.

Company Name:VERINOVUM, INC.
Employer identification number (EIN):823556111
NAIC Classification:541511
NAIC Description:Custom Computer Programming Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT INCOME SECURITY PLAN-VERINOVUM, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01STEVEN STOUT2024-08-20
0012022-01-01STEVEN STOUT2023-07-24
0012021-01-01STEVEN STOUT2022-07-26
0012020-01-01STEVEN STOUT2021-07-22
0012019-08-01STEVEN STOUT2020-07-03

Plan Statistics for RETIREMENT INCOME SECURITY PLAN-VERINOVUM, INC.

401k plan membership statisitcs for RETIREMENT INCOME SECURITY PLAN-VERINOVUM, INC.

Measure Date Value
2025: RETIREMENT INCOME SECURITY PLAN-VERINOVUM, INC. 2025 401k membership
Total number of particpants at beginning of year2025-07-2811
Total number of particpants at end of year2025-07-280
Number of Participants With Account Balances2025-07-280
2024: RETIREMENT INCOME SECURITY PLAN-VERINOVUM, INC. 2024 401k membership
Total number of particpants at beginning of year2024-08-2066
Total number of particpants at end of year2024-08-2011
Number of Participants With Account Balances2024-08-2011

Financial Data on RETIREMENT INCOME SECURITY PLAN-VERINOVUM, INC.

Measure Date Value
2025 : RETIREMENT INCOME SECURITY PLAN-VERINOVUM, INC. 2025 401k financial data
Total liabilities as of the end of the plan year2025-07-280
Total liabilities as of the beginning of the plan year2025-07-280
Total expenses incurred by plan in this plan year2025-07-282552
Net assets as of the end of the plan year2025-07-28926
Total assets as of the beginning of the plan year2025-07-282282
Value of plan covered by a fidelity bond2025-07-28500000
Other income to plan in this plan year2025-07-281196
Plan net income in this plan year2025-07-28-1356
Net assets as of the end of the plan year2025-07-28926
Net assets as of the beginning of the plan year2025-07-282282
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-28481
2024 : RETIREMENT INCOME SECURITY PLAN-VERINOVUM, INC. 2024 401k financial data
Total transfers to/from plan in this plan year2024-08-200
Total liabilities as of the end of the plan year2024-08-200
Total liabilities as of the beginning of the plan year2024-08-200
Total expenses incurred by plan in this plan year2024-08-201918518
Net assets as of the end of the plan year2024-08-202282
Total assets as of the beginning of the plan year2024-08-201434485
Value of plan covered by a fidelity bond2024-08-20500000
Participant contributions to plan in this plan year2024-08-20283955
Other expenses paid from plan in this plan year2024-08-200
Other contributions to plan in this plan year2024-08-2029598
Other income to plan in this plan year2024-08-20140998
Plan net income in this plan year2024-08-20-1432203
Net assets as of the end of the plan year2024-08-202282
Net assets as of the beginning of the plan year2024-08-201434485
Employer contributions to plan in this plan year2024-08-2031764
Expensese paid to adminstrative service provicers from plan in this plan year2024-08-2024399

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