# Verita Telecommunications Corporation DC Plan
Source: https://planprovider.pro/companies/verita-telecommunications-corporation-plan-001

> Verita Telecommunications Corporation's DC plan: 423 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Verita Telecommunications Corporation

- **Sponsor EIN:** 464239538

- **Sponsor Address:** 47059 FIVE MILE, PLYMOUTH, MI, 481703765

- **Plan Type:** DC

- **Total Participants:** 423

- **Total Assets:** $8.4M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **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|423|$8.4M|$504,252|$1.1M|

| 2023|515|$7.7M|$517,479|$1.0M|

| 2022|368|$4.2M|$307,121|$624,617|

## 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|$71,552|—|$71,552|

| M HOLDINGS SECURITIES|INVESTMENT ADVISORY|—|$37,012|$37,012|

| BAKER TILLY, US LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [BAKER TILLY, US LLP](https://planprovider.pro/provider/baker-tilly-us-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $108,564

- **Estimated Expense Ratio:** 1.297% 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|$71,553|—|$71,553|—|—|

| 2023|$53,811|—|$53,811|—|—|

| 2022|$32,604|—|$32,604|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/verita-telecommunications-corporation-plan-001)

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