Plan Ledger DOL Form 5500 · updated monthly

Verida, Inc.401(k)

SOUTHEASTRANS 401(K) PLAN · VILLA RICA, GA · plan year 2024

Reported admin expense ratio · 2024
3.11%

Verida, Inc. reported $106,796 in plan administrative expenses for 2024: 3.11% of average plan assets, higher than ~90% of peers. 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 rose from 2.19% to 3.11%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Georgia (1,778th of 2,160), and 1,868th of 2,677 in transportation & warehousing.

Plan summary
Net assets, end of year$3,423,514
Participants with balances796
Active participants709
Employer contributions—
Employee contributions$867,554
Employer contribution per active participant—
Average account balance$4,301
Benefits paid to participants$1,196,842
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$3.4M · 796 accts
2022$2.8M · 1,349 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$106,796
Total administrative$106,796
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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$106,796
WELLS FARGO ADVISORS INS AGENCY LLC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$106,796 · 3.11%
2022$62,773 · 2.19%
Same employer
Similar plansTransportation & Warehousing · Georgia
Ard Logistics, LLC GA$4.6M · 0.71%
Future Forwarding Company GA$3.8M · 0.27%
Glovis Georgia, LLC GA$3.4M · 0.10%
Relay Payments Inc. GA$3.2M · 1.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582504845 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.