Plan Ledger DOL Form 5500 · updated monthly

Verisma Systems, Inc.401(k)

VERISMA SYSTEMS, INC. 401(K) PLAN · ALEXANDRIA, VA · plan year 2024

Reported admin expense ratio · 2024
1.76%

Verisma Systems, Inc. reported $141,560 in plan administrative expenses for 2024: 1.76% 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 1.53% to 1.76%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Virginia (1,504th of 2,266), and the 1,044th of 2,534 in administrative & support services. active participation has grown from 384 to 1,437 since 2022.

Plan summary
Net assets, end of year$9,356,314
Participants with balances1,205
Active participants1,437
Employer contributions—
Employee contributions$2,499,211
Employer contribution per active participant—
Average account balance$7,765
Benefits paid to participants$1,274,473
Plan auditUnmodified (clean) audit opinion
AuditorSTOCKMAN KAST RYAN & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$9.4M · 1,205 accts
2023$6.7M · 1,068 accts
2022$3.7M · 404 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$141,560
Total administrative$141,560
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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$141,560
VALLEY FORGE INVESTMENT CONSULTANTS · 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 history3
2024$141,560 · 1.76%
2023$82,660 · 1.59%
2022$56,472 · 1.53%
Same employer
Similar plansAdministrative & Support Services · Virginia
Kr Contracting, Inc. VA$10.9M · 1.24%
Qualx Corporation VA$10.8M · 0.10%
Aeonian LLC VA$10.0M · 0.80%
Brothers National, LLC VA$8.9M · 0.48%
Pd Systems, LLC VA$8.2M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030438772 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.