401k Record

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Verus Advisory 401(k)

Recordkeeping fees per participant · Verus Advisory, Inc. Retirement & Savings Plan · plan year 2024

$161.01

Higher than 81% of the 14,075 plans $10 to 50M that report it.

Source

= $19,482 / 121
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251104170826NAL0019971954001, received 2025-11-04
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251104170826NAL0019971954001, received 2025-11-04

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 2025-11-04.

Cost and contributions

Administrative expenses excluding investment management, per participant

$161.01

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

Higher than 64% of the 24,371 plans $10 to 50M that report it.

Source

= $19,482 / 121
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251104170826NAL0019971954001, received 2025-11-04
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251104170826NAL0019971954001, received 2025-11-04

Administrative expenses per participant

$161.45

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

Higher than 41% of the 25,098 plans $10 to 50M that report it.

Source

= $19,536 / 121
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251104170826NAL0019971954001, received 2025-11-04
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251104170826NAL0019971954001, received 2025-11-04

Administrative expenses as a share of assets

0.053%

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

Higher than 14% of the 25,132 plans $10 to 50M that report it.

Source

= $19,536 / $37,050,275
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251104170826NAL0019971954001, received 2025-11-04
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251104170826NAL0019971954001, received 2025-11-04

Employer contributions per participant

$4,013

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

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

Source

= $485,557 / 121
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251104170826NAL0019971954001, received 2025-11-04
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251104170826NAL0019971954001, received 2025-11-04

Employer share of total contributions

21.6%

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

Higher than 29% of the 24,084 plans $10 to 50M that report it.

Source

= $485,557 / $2,251,735
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251104170826NAL0019971954001, received 2025-11-04
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251104170826NAL0019971954001, received 2025-11-04

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

Plan terms are not published in public filings.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251104170826NAL0019971954001, received 2025-11-04

Full record, Verus Advisory, Inc. Retirement & Savings Plan

FieldValueSource
Plan sponsorVERUS ADVISORY, INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251104170826NAL0019971954001, received 2025-11-04
Plan nameVERUS ADVISORY, INC. RETIREMENT & SAVINGS PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20251104170826NAL0019971954001, received 2025-11-04
Sponsor EIN / plan number91-1320111 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251104170826NAL0019971954001, received 2025-11-04
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251104170826NAL0019971954001, received 2025-11-04
Sponsor locationSEATTLE, WAForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251104170826NAL0019971954001, received 2025-11-04
Industry (business code)523900, Finance and insuranceForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20251104170826NAL0019971954001, received 2025-11-04
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251104170826NAL0019971954001, received 2025-11-04
Filing received2025-11-04Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251104170826NAL0019971954001, received 2025-11-04
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251104170826NAL0019971954001, received 2025-11-04
Amended filingyesForm 5500, Part I line B; AMENDED_IND pos 7; filing 20251104170826NAL0019971954001, received 2025-11-04
Participants, beginning of year120Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251104170826NAL0019971954001, received 2025-11-04
Active participants94Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251104170826NAL0019971954001, received 2025-11-04
Participants, end of year123Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251104170826NAL0019971954001, received 2025-11-04
Participants with an account balance121Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251104170826NAL0019971954001, received 2025-11-04
Total assets, beginning of year$33,144,732Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251104170826NAL0019971954001, received 2025-11-04
Total assets, end of year$37,050,275Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251104170826NAL0019971954001, received 2025-11-04
Net assets, end of year$37,050,275Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251104170826NAL0019971954001, received 2025-11-04
Total income$6,601,972Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251104170826NAL0019971954001, received 2025-11-04
Net income$3,905,543Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251104170826NAL0019971954001, received 2025-11-04
Employer contributions$485,557Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251104170826NAL0019971954001, received 2025-11-04
Participant contributions$1,766,178Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251104170826NAL0019971954001, received 2025-11-04
Total contributions$2,251,735Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251104170826NAL0019971954001, received 2025-11-04
Benefit payments$2,675,405Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251104170826NAL0019971954001, received 2025-11-04
Total expenses (incl. benefit payments)$2,696,429Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251104170826NAL0019971954001, received 2025-11-04
Total administrative expenses$19,536Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251104170826NAL0019971954001, received 2025-11-04
Recordkeeping fees$19,482Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251104170826NAL0019971954001, received 2025-11-04
Investment advisory and management fees$54Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251104170826NAL0019971954001, received 2025-11-04
Administrative expenses excluding investment management$19,482derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251104170826NAL0019971954001, received 2025-11-04
Held in common/collective trusts$1,222,930Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251104170826NAL0019971954001, received 2025-11-04
Held in mutual funds$27,763,109Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251104170826NAL0019971954001, received 2025-11-04
Independent auditorBAKER TILLY US, LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251104170826NAL0019971954001, received 2025-11-04

Position = column in the DOL layout for form year 2024. Filing 20251104170826NAL0019971954001, received 2025-11-04.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
SCHWAB RETIREMENT PLAN SERVICES,INCrecordkeeperNONE 15 Recordkeeping and information management; 26 Investment advisory (participants); 50 Direct payment from the plan; 64 Recordkeeping fees $19,536no
CHARLES SCHWAB & CO., INC.NONE 33 Securities brokerage; 50 Direct payment from the plan; 62 Float revenue; 71 Securities brokerage commissions and fees; 59 Shareholder servicing fees $460yes

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 20251104170826NAL0019971954001, received 2025-11-04.

What changed since the 2023 plan year

Figure20232024Change
Total assets$33,144,732$37,050,27511.8%
Participants with a balance1181212.5%
Administrative expenses$18,464$19,5365.8%
Recordkeeping fees per participant$155.89$161.013.3%
Employer contributions$476,876$485,5571.8%

Prior filing 20240923165822NAL0011726177001, received 2024-09-23; the plan years are contiguous.

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Sponsor name as filed: VERUS ADVISORY, INC.; SEC registrant: Verus Advisory, Inc. (CIK 2064821, matched by EIN).