Plan Snapshot
- Plan Sponsor: Veritext LLC
- Sponsor EIN: 203132569
- Sponsor Address: 290 WEST PLEASANT AVE STE 3200, LIVINGSTON, NJ, 07039
- Plan Type: 401(k)
- Total Participants: 1,248
- Total Assets: $102.1M
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. |
|---|---|---|---|---|
| 2024 | 1,248 | $102.1M | $1.8M | $8.7M |
| 2023 | 1,055 | $76.1M | $1.3M | $7.4M |
| 2022 | 1,029 | $59.8M | $1.3M | $6.9M |
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 |
|---|---|---|---|---|
| SMOLIN LUPIN & CO., LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SMOLIN LUPIN & CO., LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $207,092 | — | $207,092 | — | — |
| 2023 | $160,838 | — | $160,838 | — | — |
| 2022 | $142,909 | — | $142,909 | — | — |