Plan Snapshot
- Plan Sponsor: Veranex, INC.
- Sponsor EIN: 863497638
- Sponsor Address: 222 BERKELEY ST, BOSTON, MA, 02116
- Plan Type: 401(k)
- Total Participants: 339
- Total Assets: $51.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 339 | $51.5M | $1.1M | $4.3M |
| 2023 | 389 | $48.2M | $1.1M | $4.6M |
| 2022 | 417 | $36.8M | $1.0M | $3.5M |
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 |
|---|---|---|---|---|
| KAHN, LITWIN, RENZA & CO., LTD | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $129,264 | $70,940 | $58,324 | — | — |
| 2023 | $103,882 | $61,028 | $42,854 | — | — |
| 2022 | $69,836 | $43,755 | $26,081 | — | — |