Plan Ledger DOL Form 5500 · updated monthly

Veracity Engineering, LLC401(k)

VERACITY ENGINEERING 401(K) PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Veracity Engineering, LLC reported $46,945 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $3,450 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 0.59% to 0.44%. 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 among the smaller plans on file in District of Columbia (413th of 618), and 7,464th of 11,654 in professional & technical services. In 2024, employees put in $2.81 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,746,431
Participants with balances118
Active participants110
Employer contributions$379,514
Employee contributions$1,067,916
Employer contribution per active participant$3,450
Average account balance$99,546
Benefits paid to participants$348,129
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.7M · 118 accts · $380K emplr
2023$9.6M · 112 accts · $373K emplr
2022$8.3M · 116 accts · $340K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,796
Investment management$26,149
Total administrative$46,945
The Veracity Engineering, LLC 401(k) match · 2024
Employer contribution per active participant$3,450
Median for plans this size$2,416
2024$3,450 per active participant
2023$3,420 per active participant
2022$3,120 per active participant

Veracity Engineering, LLC'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
GALLAGHER BENEFIT SERVICES · Recordkeeping · Trustee$26,149
ADP, INC. · Loan processing · Recordkeeping$20,796

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

Recordkeeper by year2
2024ADP, GALLAGHER BENEFIT SERVICES
2023ADP, GALLAGHER BENEFIT SERVICES

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

Administrative cost history3
2024$46,945 · 0.44%
2023$42,036 · 0.47%
2022$51,724 · 0.59%
Similar plansProfessional & Technical Services · District of Columbia
Hickok Cole Architects, PC DC$11.9M · 0.05%
Pingwind, Inc. DC$11.9M · 0.10%
Bcs, LLC DC$11.9M · 0.63%
Gallagher & Associates, LLC DC$11.8M · 0.43%
Obsidian Global, LLC DC$11.4M · 0.69%
Elias Law Group LLP DC$11.2M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522328539 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.