Plan Snapshot
- Plan Sponsor: Vero Biotech INC
- Sponsor EIN: 204604159
- Sponsor Address: 387 NEREM STREET NORTHWEST, ATLANTA, GA, 30313
- Plan Type: 401(k)
- Total Participants: 219
- Total Assets: $4.6M
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 | 219 | $4.6M | $0 | $1.4M |
| 2023 | 220 | $3.5M | $0 | $1.3M |
| 2022 | 258 | $2.4M | $0 | $938,589 |
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 | RECORDKEEPER | $24,180 | — | $24,180 |
| MOORE COLSON & COMPANY PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,180
- Estimated Expense Ratio: 0.524% 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 | $28,410 | $4,230 | — | — | — |
| 2023 | $21,719 | $4,209 | — | — | — |
| 2022 | $15,531 | $3,149 | $12,382 | — | — |