Plan Snapshot
- Plan Sponsor: Versar, INC.
- Sponsor EIN: 540852979
- Sponsor Address: 1025 VERMONT AVENUE NW SUITE 500, WASHINGTON, DC, 20005
- Plan Type: 401(k)
- Total Participants: 1,035
- Total Assets: $56.6M
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 | 1,035 | $56.6M | $2.4M | $5.0M |
| 2023 | 1,095 | $54.4M | $639,773 | $2.5M |
| 2022 | 298 | $48.1M | $302,232 | $1.9M |
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 | $94,085 | — | $94,085 |
| JANNEY MONTGOMERY SCOTT LLC | INVESTMENT ADVISOR | $67,808 | — | $67,808 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $17,514 | — | $17,514 |
| URISH POPECK & CO., LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JANNEY MONTGOMERY SCOTT LLC — INVESTMENT ADVISOR
- URISH POPECK & CO., LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $179,407
- Estimated Expense Ratio: 0.317% 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 | $94,085 | — | — | — | — |
| 2023 | $134,364 | $66,416 | — | — | — |
| 2022 | $139,474 | $69,204 | $70,270 | — | — |