# Versa Networks INC 401(k) Plan
Source: https://planprovider.pro/companies/versa-networks-plan-001

> Versa Networks INC's 401(k) plan: 269 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Versa Networks INC

- **Sponsor EIN:** 364741451

- **Sponsor Address:** 2550 GREAT AMERICA WAY, SANTA CLARA, CA, 95054

- **Plan Type:** 401(k)

- **Total Participants:** 269

- **Total Assets:** $29.5M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **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|269|$29.5M|$0|$4.4M|

| 2023|252|$22.9M|$390|$4.1M|

| 2022|244|$15.8M|$0|$3.7M|

## 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|

| BPM LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BPM LLP](https://planprovider.pro/provider/bpm-llp) — 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|$9,423|$5,698|$3,125|—|—|

| 2023|$17,993|$3,078|$14,615|—|—|

| 2022|$5,998|—|—|—|—|

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