How much does Verde Holdings, Inc. contribute to its ESOP?

In 2022, employer contributions to the Verde Holdings, Inc. plan averaged $12,286 per active participant, above the $4,065 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Verde Holdings, Inc. 401(k)?

The average participant account balance was $599,148 for plan year 2022, based on 567 accounts.

Verde Holdings, Inc.ESOP

Name: Verde Holdings, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

VERDE HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · STAFFORD, TX · plan year 2022

Employer contribution per participant · 2022

$12,286

Verde Holdings, Inc.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $339,716,878 across 567 participant accounts, with employer contributions averaging $12,286 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $250M–$1B size bracket, benchmarked here against 2,568 comparable plans and shown alongside other wholesale trade employers. By assets it is the 271st-largest of 5,688 plans among Texas employers on file, and the 141st of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$339,716,878
Participants with balances567
Active participants515
Employer contributions$6,327,323
Employee contributions—
Employer contribution per active participant$12,286
Average account balance$599,148
Benefits paid to participants$13,562,342
Plan auditUnmodified (clean) audit opinion
AuditorMOSS ADAMS LLP

Plan history3

Yearassets · accounts · employer contribution

2024$298.9M · 637 accts · $5.9M emplr

2023$323.3M · 616 accts · $5.0M emplr

2022$339.7M · 567 accts · $6.3M emplr

Employer contributions to the Verde Holdings, Inc. plan · 2022

Employer contribution per active participant$12,286

Median for plans this size$4,065

2024$10,357 per active participant

2023$9,082 per active participant

2022$12,286 per active participant

Verde Holdings, Inc.'s 2022 employer contribution ran above the $4,065 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.

Administrative cost history3

2024Not separately reported

2023Not separately reported

2022Not separately reported

All plans at this employer2

VERDE HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

VERDE HOLDINGS, INC. 401(K) PLAN401(k)

Similar plansWholesale Trade · Texas
Ben E. Keith Company TX$494.0M · 0.04%
The Friedkin Group, Inc. TX$411.0M · 0.02%
Tti, Inc. TX$397.5M · 0.15%
Vallourec Holdings, Inc. TX$361.2M · 0.11%
Ppe Genpar, Inc. TX$271.7M · 0.00%
Dxp Enterprises, Inc. TX$250.0M · 0.01%
Reece Inc. TX$222.2M · 0.07%
Toshiba International Corporation TX$218.4M · 0.06%

Why are you looking at this plan?

Compare
401(k) plans in Texas
Worked here before? Find your old 401(k)
401(k) plans in Wholesale Trade
Plans of similar size
Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 760697864 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.