Plan Snapshot
- Plan Sponsor: Verisys Corporation
- Sponsor EIN: 541651292
- Sponsor Address: 9960 CORPORATE CAMPUS DRIVE, LOUISVILLE, KY, 40223
- Plan Type: 401(k)
- Total Participants: 537
- Total Assets: $26.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 537 | $26.0M | $1.0M | $2.0M |
| 2023 | 657 | $23.0M | $1.1M | $2.1M |
| 2022 | 669 | $18.3M | $961,394 | $2.1M |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | NONE | $61,274 | $18 | $61,292 |
| KATHMERE CAPITAL MANAGEMENT | NONE | $48,481 | — | $48,481 |
| APRIO, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- APRIO, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $109,773
- Estimated Expense Ratio: 0.423% 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 | $109,756 | $48,481 | $61,275 | — | — |
| 2023 | $113,957 | $39,274 | $53,908 | — | — |
| 2022 | $56,718 | $22,765 | $33,953 | — | — |