# Vero Biotech INC 401(k) Plan
Source: https://planprovider.pro/companies/vero-biotech-inc-401k-plan

> Vero Biotech INC's 401(k) plan: 219 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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