Plan Snapshot
- Plan Sponsor: Veritas Technologies LLC
- Sponsor EIN: 472839960
- Sponsor Address: 2625 AUGUSTINE DRIVE, SANTA CLARA, CA, 95054
- Plan Type: 401(k)
- Total Participants: 1,753
- Total Assets: $595.1M
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. |
|---|---|---|---|---|
| 2023 | 1,753 | $595.1M | $8.5M | $30.1M |
| 2022 | 1,779 | $500.6M | $8.3M | $26.8M |
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 | NONE | $548,536 | — | $548,536 |
| EMPOWER ADVISORY GROUP, LLC | NONE | $398,682 | — | $398,682 |
| HYAS GROUP, LLC | NONE | $106,000 | — | $106,000 |
| MOSS ADAMS LLP | NONE | $75,600 | — | $75,600 |
| VENABLE, LLP | NONE | $62,698 | — | $62,698 |
| MOSSSA ADAMS | Auditor | $37,800 | — | $37,800 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MOSSSA ADAMS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,229,316
- Estimated Expense Ratio: 0.207% 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 |
|---|---|---|---|---|---|
| 2023 | $766,564 | $283,690 | — | $37,800 | — |
| 2022 | $719,350 | $253,741 | — | — | $37,650 |