Plan Snapshot
- Plan Sponsor: Vertex, INC.
- Sponsor EIN: 232081753
- Sponsor Address: 2301 RENAISSANCE BLVD., KING OF PRUSSIA, PA, 19406
- Plan Type: 401(k)
- Total Participants: 1,458
- Total Assets: $445.2M
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 | 1,458 | $445.2M | $13.7M | $20.3M |
| 2023 | 1,362 | $376.4M | $10.5M | $18.7M |
| 2022 | 1,299 | $318.8M | $9.8M | $15.3M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $132,200 | — | $132,200 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $20,800 | — | $20,800 |
| CROWE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $153,000
- Estimated Expense Ratio: 0.034% 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 | $153,000 | $132,200 | — | — | — |
| 2023 | $156,387 | $96,010 | — | — | — |
| 2022 | $233,006 | — | — | — | — |