Plan Snapshot
- Plan Sponsor: Veristat, LLC
- Sponsor EIN: 461606004
- Sponsor Address: 134 TURNPIKE ROAD, SUITE 200, SOUTHBOROUGH, MA, 01772
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 273
- Total Assets: $23.6M
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. |
|---|---|---|---|---|
| 2025 | 273 | $23.6M | $0 | $0 |
| 2024 | 158 | $24.9M | $537,094 | $2.2M |
| 2023 | 205 | $20.2M | $606,102 | $2.5M |
| 2022 | 233 | $17.7M | $543,340 | $2.3M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Investment Advisor | $48,826 | — | $48,826 |
| ADP, INC. | Recordkeeper | $33,638 | — | $33,638 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $82,464
- Estimated Expense Ratio: 0.349% 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 |
|---|---|---|---|---|---|
| 2025 | $7,219,355 | $48,826 | — | — | — |
| 2024 | $65,700 | $47,061 | — | — | — |
| 2023 | $41,883 | $37,048 | — | — | — |
| 2022 | $37,857 | — | — | — | — |