Vendor Credentialing Service, Llc D/b/a Symplr 401(k) Plan: Login, Facts & Contact Information

Vendor Credentialing Service, Llc D/b/a Symplr 401(k) Plan Facts

Plan name
SYMPLR 401(K) PLAN AND TRUST
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
VENDOR CREDENTIALING SERVICE, LLC D/B/A SYMPLR
Participants
2,128 (1,546 active employees)
Former employees with a balance
290
Plan assets
$117,383,723 at Dec 31, 2023
Average account balance
$64,320 across 1,825 accounts
Employer contributions
$6,501,271 in plan year 2023 (30% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2023 – Dec 31, 2023
Plan established
Jan 1, 1991
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2023 (Jan 1, 2023 – Dec 31, 2023), filed Oct 29, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $21.8 million went into the plan in contributions, $6.50 million of it from the employer (30%).
  • $11.7 million was paid out to participants.
  • Investment and other income added $16.0 million.
  • Administrative expenses were $371,728, about $204 per account.

How the Vendor Credentialing Service, Llc D/b/a Symplr 401(k) changed, 2018–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2018252$13.3 million$631,778$1.13 million
2019327$18.6 million$1.12 million$2.16 million
2020676$38.8 million$2.30 million$3.81 million
20211,521$88.0 million$4.73 million$11.6 million
20221,954$91.6 million$7.02 million$10.4 million
20232,128$117.4 million$6.50 million$11.7 million

Vendor Credentialing Service, Llc D/b/a Symplr 401(k) Contact Information

Phone
281-863-9500
Mailing address
616 CYPRESS CREEK PKWY SUITE 800, HOUSTON TX 77090
Plan sponsor
VENDOR CREDENTIALING SERVICE, LLC D/B/A SYMPLR
Employer identification number (EIN)
45-5147886
Plan number
001

Questions about the Vendor Credentialing Service, Llc D/b/a Symplr 401(k)

Does Vendor Credentialing Service, Llc D/b/a Symplr contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $6.50 million, 30% of all contributions.

Does the Vendor Credentialing Service, Llc D/b/a Symplr 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Vendor Credentialing Service, Llc D/b/a Symplr 401(k) plan?

2,128 participants at the start of plan year 2023, 1,546 of them active employees, and 290 former employees who still had money in the plan.

What is the average 401(k) balance at Vendor Credentialing Service, Llc D/b/a Symplr?

About $64,320 per account: $117.4 million in plan assets across 1,825 accounts with a balance at the end of plan year 2023.

Who manages the Vendor Credentialing Service, Llc D/b/a Symplr 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Vendor Credentialing Service, Llc D/b/a Symplr. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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