401k Record

Employers › Verato

Verato 401(k)

Recordkeeping fees per participant · Verato, Inc. 401(k) Profit Sharing Plan and Trust · plan year 2024

$164.93

Higher than 82% of the 14,075 plans $10 to 50M that report it.

Source

= $24,244 / 147
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250930092536NAL0016278611001, received 2025-09-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930092536NAL0016278611001, received 2025-09-30

10th: $10.53median $83.9490th: $217.08

Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-30.

Cost and contributions

Administrative expenses excluding investment management, per participant

$169.99

10th: $15.36median $118.8890th: $340.63

Higher than 66% of the 24,371 plans $10 to 50M that report it.

Source

= $24,989 / 147
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250930092536NAL0016278611001, received 2025-09-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930092536NAL0016278611001, received 2025-09-30

Administrative expenses per participant

$173.13

10th: $26.86median $197.2590th: $456.10

Higher than 44% of the 25,098 plans $10 to 50M that report it.

Source

= $25,450 / 147
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250930092536NAL0016278611001, received 2025-09-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930092536NAL0016278611001, received 2025-09-30

Administrative expenses as a share of assets

0.180%

10th: 0.035%median 0.289%90th: 0.599%

Higher than 32% of the 25,132 plans $10 to 50M that report it.

Source

= $25,450 / $14,117,458
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250930092536NAL0016278611001, received 2025-09-30
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250930092536NAL0016278611001, received 2025-09-30

Employer contributions per participant

$4,050

10th: $664median $2,07490th: $4,751

Higher than 85% of the 24,050 plans $10 to 50M that report it.

Source

= $595,317 / 147
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250930092536NAL0016278611001, received 2025-09-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930092536NAL0016278611001, received 2025-09-30

Employer share of total contributions

22.9%

10th: 13.1%median 27.9%90th: 45.2%

Higher than 33% of the 24,084 plans $10 to 50M that report it.

Source

= $595,317 / $2,600,803
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250930092536NAL0016278611001, received 2025-09-30
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250930092536NAL0016278611001, received 2025-09-30

Plan terms, as stated in Verato, Inc.'s SEC filings

Plan terms are not published in public filings.

Plan features

2G fully participant-directed · 2F ERISA 404(c) plan · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 2E profit-sharing · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250930092536NAL0016278611001, received 2025-09-30

Full record, Verato, Inc. 401(k) Profit Sharing Plan and Trust

FieldValueSource
Plan sponsorVERATO INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250930092536NAL0016278611001, received 2025-09-30
Plan nameVERATO, INC. 401(K) PROFIT SHARING PLAN AND TRUSTForm 5500, line 1a; PLAN_NAME pos 16; filing 20250930092536NAL0016278611001, received 2025-09-30
Sponsor EIN / plan number46-2399755 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250930092536NAL0016278611001, received 2025-09-30
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250930092536NAL0016278611001, received 2025-09-30
Sponsor locationMCLEAN, VAForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250930092536NAL0016278611001, received 2025-09-30
Industry (business code)541512, Professional, scientific, and technical servicesForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20250930092536NAL0016278611001, received 2025-09-30
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250930092536NAL0016278611001, received 2025-09-30
Filing received2025-09-30Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250930092536NAL0016278611001, received 2025-09-30
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250930092536NAL0016278611001, received 2025-09-30
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20250930092536NAL0016278611001, received 2025-09-30
Participants, beginning of year149Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250930092536NAL0016278611001, received 2025-09-30
Active participants116Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250930092536NAL0016278611001, received 2025-09-30
Participants, end of year155Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250930092536NAL0016278611001, received 2025-09-30
Participants with an account balance147Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930092536NAL0016278611001, received 2025-09-30
Total assets, beginning of year$10,937,511Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250930092536NAL0016278611001, received 2025-09-30
Total assets, end of year$14,117,458Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250930092536NAL0016278611001, received 2025-09-30
Net assets, end of year$14,117,458Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250930092536NAL0016278611001, received 2025-09-30
Total income$4,527,871Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250930092536NAL0016278611001, received 2025-09-30
Net income$3,179,947Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250930092536NAL0016278611001, received 2025-09-30
Employer contributions$595,317Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250930092536NAL0016278611001, received 2025-09-30
Participant contributions$1,686,906Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250930092536NAL0016278611001, received 2025-09-30
Other contributions (incl. rollovers)$318,580Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250930092536NAL0016278611001, received 2025-09-30
Total contributions$2,600,803Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250930092536NAL0016278611001, received 2025-09-30
Benefit payments$1,325,970Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250930092536NAL0016278611001, received 2025-09-30
Total expenses (incl. benefit payments)$1,347,924Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250930092536NAL0016278611001, received 2025-09-30
Total administrative expenses$25,450Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250930092536NAL0016278611001, received 2025-09-30
Contract administrator fees$745Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250930092536NAL0016278611001, received 2025-09-30
Recordkeeping fees$24,244Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250930092536NAL0016278611001, received 2025-09-30
IQPA audit fees$0Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250930092536NAL0016278611001, received 2025-09-30
Investment advisory and management fees$461Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250930092536NAL0016278611001, received 2025-09-30
Administrative expenses excluding investment management$24,989derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250930092536NAL0016278611001, received 2025-09-30
Held in master trusts$0Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250930092536NAL0016278611001, received 2025-09-30
Held in common/collective trusts$0Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250930092536NAL0016278611001, received 2025-09-30
Held in mutual funds$13,881,877Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250930092536NAL0016278611001, received 2025-09-30
Independent auditorBDG CPASSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250930092536NAL0016278611001, received 2025-09-30

Position = column in the DOL layout for form year 2024. Filing 20250930092536NAL0016278611001, received 2025-09-30.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
FIDELITY WORKPLACE SERVICES, LLCrecordkeeperPLAN ADMINISTRATOR 14 Plan administrator; 24 Trustee (discretionary); 28 Investment management; 37 Participant loan processing; 64 Recordkeeping fees; 65 Account maintenance fees $24,989yes

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250930092536NAL0016278611001, received 2025-09-30.

What changed since the 2023 plan year

Figure20232024Change
Total assets$10,937,511$14,117,45829.1%
Participants with a balance1451471.4%
Administrative expenses$669$25,4503704.2%
Recordkeeping fees per participant$4.61$164.933474.6%
Employer contributions$589,345$595,3171.0%

Prior filing 20241009063650NAL0009007891001, received 2024-10-09; the plan years are contiguous.

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Sponsor name as filed: VERATO INC.; SEC registrant: Verato, Inc. (CIK 1663515, matched by EIN).