Verifract LLC dba Redzone Production Systems401(k)
VERIFRACT LLC 401(K) PLAN · MIAMI BEACH, FL · plan year 2023
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Verifract LLC dba Redzone Production Systems reported $15,928 in plan administrative expenses for 2023: 0.18% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,619 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 fell from 0.39% to 0.18%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,687th-largest of 3,644 plans among Florida employers on file, and 7,679th of 11,654 in professional & technical services. In 2023, employees put in $2.23 for every $1.00 the employer contributed; active participation has grown from 160 to 184 since 2022.
Verifract LLC dba Redzone Production Systems's 2023 employer contribution ran above the $1,308 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 461314784 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.