Plan Ledger DOL Form 5500 · updated monthly

Verinext Corp.401(k)

ANEXINET CORP. 401(K) RETIREMENT PLAN · BLUE BELL, PA · plan year 2024

Reported admin expense ratio · 2024
0.41%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Verinext Corp. reported $150,638 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $3,794 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 961st-largest of 3,651 plans among Pennsylvania employers on file, and the 3,313th of 11,654 in professional & technical services. In 2024, employees put in $3.54 for every $1.00 the employer contributed; active participation has shrunk from 319 to 276 since 2022.

Plan summary
Net assets, end of year$39,821,739
Participants with balances400
Active participants276
Employer contributions$1,047,224
Employee contributions$3,704,067
Employer contribution per active participant$3,794
Average account balance$99,554
Benefits paid to participants$3,942,036
Plan auditDisclaimer of opinion
AuditorANTHONY M PONTARELLI, CPA LLC
Plan history3
Yearassets · accounts · employer contribution
2024$39.8M · 400 accts · $1.0M emplr
2023$33.4M · 431 accts · $1.3M emplr
2022$25.7M · 413 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,500
Investment management$108,138
Total administrative$150,638
The Verinext Corp. 401(k) match · 2024
Employer contribution per active participant$3,794
Median for plans this size$2,416
2024$3,794 per active participant
2023$4,312 per active participant
2022$3,330 per active participant

Verinext Corp.'s 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
ASCENSUS LLC · Loan processing · Recordkeeping$42,500
WEALTH ADVISORY GROUP, INC · Investment advisory (plan)$108,138

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$150,638 · 0.41%
2023$112,552 · 0.38%
2022$112,721 · 0.42%
Same employer
Similar plansProfessional & Technical Services · Pennsylvania
Jm Search & Company, Inc. PA$40.7M · 0.20%
Magna Legal Services, LLC PA$40.5M · 0.38%
Stratus Team, LLC PA$38.2M · 0.30%
Arthur H. Thomas Company PA$37.9M · 0.37%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 233024532 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.