Plan Snapshot
- Plan Sponsor: Verbit, INC.
- Sponsor EIN: 251519537
- Sponsor Address: 5500 GREENWOOD PLAZA BLVD, GREENWOOD VILLAGE, CO, 80111
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 438
- Total Assets: $24.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2025 | 438 | $24.4M | $0 | $0 |
| 2024 | 409 | $25.5M | $891,946 | $1.8M |
| 2023 | 535 | $24.1M | $1.0M | $2.1M |
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 |
|---|---|---|---|---|
| MMA SECURITIES LLC | Investment Advisor | $35,924 | — | $35,924 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $13,198 | — | $13,198 |
| EMPOWER LIFE & ANNUITY INSURANCE CO | Recordkeeper | $9,777 | — | $9,777 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,899
- Estimated Expense Ratio: 0.241% 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 |
|---|---|---|---|---|---|
| 2025 | $6,780,759 | $49,122 | — | — | — |
| 2024 | $47,073 | $47,073 | — | — | — |
| 2023 | $68,808 | $39,640 | — | — | — |