Plan Snapshot
- Plan Sponsor: Vera Institute Of Justice, INC.
- Sponsor EIN: 131941627
- Sponsor Address: 34 35TH STREET, 4-2A, BROOKLYN, NY, 11232
- Plan Type: 403(b)
- Total Participants: 248
- Total Assets: $20.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 248 | $20.5M | $1.2M | $2.0M |
| 2023 | 260 | $17.3M | $1.2M | $2.0M |
| 2022 | 290 | $13.1M | $555,471 | $1.9M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCE | Other Service Provider | $96,541 | — | $96,541 |
| KESTRA INVESTMENT SERVICES LLC | Other Service Provider | — | $42,927 | $42,927 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $139,468
- Estimated Expense Ratio: 0.681% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $83,726 | — | — | — | — |
| 2023 | $62,760 | — | — | — | — |
| 2022 | $67,446 | — | $67,446 | — | — |