Plan Snapshot
- Plan Sponsor: Verona Pharma, INC
- Sponsor EIN: 473149114
- Sponsor Address: 8529 SIX FORKS RD, RALEIGH, NC, 27615
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 0
- Total Assets: $0
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. |
|---|---|---|---|---|
| 2025 | 0 | $0 | $0 | $0 |
| 2024 | 201 | $11.6M | $1.2M | $2.2M |
| 2023 | 68 | $3.4M | $467,731 | $887,694 |
| 2022 | 24 | $962,039 | $113,324 | $275,540 |
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 |
|---|---|---|---|---|
| QUALIFIED RETIREMENT PLAN SVCS | Recordkeeper | $13,050 | — | $13,050 |
| JOHN HANCOCK LIFE INSURANCE COMPANY | Recordkeeper | $11,542 | — | $11,542 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,592
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 |
|---|---|---|---|---|---|
| 2025 | $20,263,399 | — | $24,592 | — | — |
| 2024 | $308,620 | — | — | — | — |
| 2023 | $121,567 | — | — | — | — |
| 2022 | — | — | — | — | — |