Plan Snapshot
- Plan Sponsor: Veris Residential, INC.
- Sponsor EIN: 223305147
- Sponsor Address: 210 HUDSON STREET, JERSEY CITY, NJ, 07311
- Plan Type: 401(k)
- Total Participants: 185
- Total Assets: $58.5M
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 | 185 | $58.5M | $600,142 | $1.7M |
| 2023 | 196 | $53.9M | $558,094 | $1.8M |
| 2022 | 207 | $48.0M | $545,411 | $1.8M |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | 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 | $74,476 | $33,938 | $20,354 | — | — |
| 2023 | $64,915 | $30,094 | $16,783 | — | — |
| 2022 | $77,022 | $17,919 | $42,615 | — | $16,488 |