Plan Snapshot
- Plan Sponsor: Verista, INC.
- Sponsor EIN: 843891514
- Sponsor Address: 11793 TECHNOLOGY LANE, FISHERS, IN, 46038
- Plan Type: 401(k)
- Total Participants: 347
- Total Assets: $39.2M
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 | 347 | $39.2M | $989,237 | $3.8M |
| 2023 | 417 | $34.3M | $1.2M | $4.5M |
| 2022 | 487 | $26.1M | $1.2M | $4.1M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $54,186 | — | $54,186 |
| SHEPHERD FINANCIAL INVESTMENT ADVIS | INVESTMENT ADVISOR | $49,270 | — | $49,270 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $14,192 | — | $14,192 |
| FORVIS MAZARS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $117,648
- Estimated Expense Ratio: 0.300% 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 | $117,648 | $63,462 | — | — | — |
| 2023 | $115,023 | $71,548 | — | — | — |
| 2022 | $70,679 | — | $70,679 | — | — |