Plan Snapshot
- Plan Sponsor: Verico Technology LLC
- Sponsor EIN: 020415170
- Sponsor Address: 200 INNOVATIVE WAY, SUITE 1350, NASHUA, NH, 03062
- Plan Type: 401(k)
- Total Participants: 49
- Total Assets: $27.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 49 | $27.8M | $19,568 | $142,504 |
| 2023 | 21 | $27.0M | $11,423 | $155,202 |
| 2022 | 57 | $25.5M | $25,037 | $155,577 |
| 2020 | 57 | $32.2M | $0 | $0 |
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 |
|---|---|---|---|---|
| WHITTLESEY PC | Auditor | $23,763 | — | $23,763 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,763
- Estimated Expense Ratio: 0.086% 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 | $13,150 | — | — | $23,763 | — |
| 2023 | $5,175 | — | — | $7,950 | — |
| 2022 | -$840 | — | — | — | — |
| 2020 | $9,783 | — | — | — | — |