Plan Ledger DOL Form 5500 · updated monthly

The Verndale Corporation401(k)

THE VERNDALE CORPORATION 401(K) · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

The Verndale Corporation reported $46,350 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $5,004 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 2 years on file its reported administrative ratio fell from 0.29% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 1,248th-largest of 2,726 plans among Massachusetts employers on file, and the 994th of 2,199 in information & media. In 2024, employees put in $3.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,314,693
Participants with balances157
Active participants107
Employer contributions$535,461
Employee contributions$1,670,904
Employer contribution per active participant$5,004
Average account balance$135,762
Benefits paid to participants$677,309
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.3M · 157 accts · $535K emplr
2023$16.4M · 159 accts · $464K emplr
2022$12.2M · 170 accts · $389K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,850
Investment management$17,500
Total administrative$46,350
The The Verndale Corporation 401(k) match · 2024
Employer contribution per active participant$5,004
Median for plans this size$2,416
2024$5,004 per active participant
2023$4,508 per active participant
2022$3,443 per active participant

The Verndale Corporation's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$28,850
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$17,500

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

Administrative cost history3
2024$46,350 · 0.25%
2023$38,759 · 0.27%
2022$37,380 · 0.29%
Same employer
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Salary.com LLC MA$20.7M · 0.03%
Stax, LLC MA$20.6M · 0.37%
Nexthink, Inc. MA$20.5M · 0.33%
Haystackid, LLC MA$20.1M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043411744 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.