Plan Ledger DOL Form 5500 · updated monthly

Verato Inc.401(k)

VERATO, INC. 401(K) PROFIT SHARING PLAN AND TRUST · MCLEAN, VA · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Verato Inc. reported $25,450 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $5,132 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 1 year on file its reported administrative ratio rose from 0.01% to 0.20%. 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 Virginia (1,236th of 2,266), and 6,799th of 11,654 in professional & technical services. In 2024, employees put in $2.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,117,458
Participants with balances147
Active participants116
Employer contributions$595,317
Employee contributions$1,686,906
Employer contribution per active participant$5,132
Average account balance$96,037
Benefits paid to participants$1,325,970
Plan auditUnmodified (clean) audit opinion
AuditorBDG CPAS
Plan history2
Yearassets · accounts · employer contribution
2024$14.1M · 147 accts · $595K emplr
2023$10.9M · 145 accts · $589K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,989
Investment management$461
Total administrative$25,450
The Verato Inc. 401(k) match · 2024
Employer contribution per active participant$5,132
Median for plans this size$2,416
2024$5,132 per active participant
2023$5,037 per active participant

Verato Inc.'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 · 20241
FIDELITY WORKPLACE SERVICES, LLC · Plan administrator · Trustee (discretionary)$24,989

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

Administrative cost history2
2024$25,450 · 0.20%
2023$669 · 0.01%
Same employer
Similar plansProfessional & Technical Services · Virginia
Renxtech, LLC VA$14.4M · 0.27%
Omni Fed LLC VA$14.3M · 0.29%
Deque Systems Inc. VA$14.0M · 0.79%
Emagine IT, Inc. VA$13.8M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 462399755 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.