Plan Ledger DOL Form 5500 · updated monthly

Verify, Inc.401(k)

VERIFY, INC. 401(K) PLAN · COSTA MESA, CA · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Verify, Inc. reported $36,081 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $3,639 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 rose from 0.31% to 0.34%. 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 California (5,127th of 9,483), and 7,598th of 11,654 in professional & technical services. In 2024, employees put in $2.40 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,325,300
Participants with balances92
Active participants61
Employer contributions$221,978
Employee contributions$533,652
Employer contribution per active participant$3,639
Average account balance$123,101
Benefits paid to participants$665,995
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 92 accts · $222K emplr
2023$10.0M · 96 accts · $229K emplr
2022$9.4M · 92 accts · $210K emplr
Administrative expenses, itemized · 2024
Investment management$32,981
Total administrative$36,081
The Verify, Inc. 401(k) match · 2024
Employer contribution per active participant$3,639
Median for plans this size$2,416
2024$3,639 per active participant
2023$3,700 per active participant
2022$3,278 per active participant

Verify, Inc.'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 · 20241
JOHN HANCOCK USA · Recordkeeping$178

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$36,081 · 0.34%
2023$30,898 · 0.32%
2022$31,588 · 0.31%
Similar plansProfessional & Technical Services · California
Shape Security, Inc. CA$11.4M · 0.55%
Seer, Inc. CA$11.4M · 0.35%
Zymo Research Corporation CA$11.4M · 0.01%
Babcock Laboratories, Inc. CA$11.4M · 0.04%
Very Good Security, Inc. CA$11.3M · 0.46%
Flyr Inc CA$11.2M · 0.12%
Particle Media, Inc. CA$11.2M · 0.10%
Sitetracker, Inc. CA$11.1M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330044701 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.