Plan Snapshot
- Plan Sponsor: Verrica Pharmaceuticals
- Sponsor EIN: 463137900
- Sponsor Address: 44 WEST GAY STREET, WEST CHESTER, PA, 19380
- Plan Type: 401(k)
- Total Participants: 102
- Total Assets: $5.8M
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 | 102 | $5.8M | $788,471 | $1.5M |
| 2023 | 133 | $3.9M | $426,389 | $802,395 |
| 2022 | 48 | $2.1M | $270,321 | $565,551 |
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 |
|---|---|---|---|---|
| EQUITY SERVICES INC | Investment Advisor | $13,267 | — | $13,267 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,267
- Estimated Expense Ratio: 0.231% 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 | $20,377 | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |