# Verico Technology LLC 401(k) Plan
Source: https://planprovider.pro/companies/verico-technology-llc-401k-plan

> Verico Technology LLC's 401(k) plan: 49 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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