# Verisma Systems, INC. DC Plan
Source: https://planprovider.pro/companies/verisma-systems-inc-plan-001

> Verisma Systems, INC.'s DC plan: 1,437 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Verisma Systems, INC.

- **Sponsor EIN:** 030438772

- **Sponsor Address:** 1750 FOUNDERS PARKWAY, ALPHARETTA, GA, 300097600

- **Plan Type:** DC

- **Total Participants:** 1,437

- **Total Assets:** $9.4M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **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|1,437|$9.4M|$0|$2.5M|

| 2023|1,395|$6.7M|$0|$1.7M|

| 2022|384|$3.7M|$0|$1.0M|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$141,560|—|$141,560|

| VALLEY FORGE INVESTMENT CONSULTANTS|INVESTMENT ADVISORY|—|$36,214|$36,214|

| STOCKMAN KAST RYAN & COMPANY|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [STOCKMAN KAST RYAN & COMPANY](https://planprovider.pro/provider/stockman-kast-ryan-and-co-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $177,774

- **Estimated Expense Ratio:** 1.900% 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|$141,560|—|$141,560|—|—|

| 2023|$82,660|—|$82,660|—|—|

| 2022|$56,472|—|$56,472|—|—|

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