Plan Ledger DOL Form 5500 · updated monthly

Veritas Capital Fund Management401(k)

VERITAS CAPITAL 401K PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Veritas Capital Fund Management reported $4,810 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,211 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 rose from 0.018% to 0.023%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 2,220th-largest of 5,648 plans among New York employers on file, and 2,743rd of 4,798 in finance & insurance. In 2024, employees put in $2.92 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,414,333
Participants with balances192
Active participants140
Employer contributions$1,149,501
Employee contributions$3,356,372
Employer contribution per active participant$8,211
Average account balance$127,158
Benefits paid to participants$1,401,778
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history2
Yearassets · accounts · employer contribution
2024$24.4M · 192 accts · $1.1M emplr
2023$18.3M · 156 accts · $845K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$800
Investment management$3,910
Total administrative$4,810
The Veritas Capital Fund Management 401(k) match · 2024
Employer contribution per active participant$8,211
Median for plans this size$2,416
2024$8,211 per active participant
2023$6,399 per active participant

Veritas Capital Fund Management's 2024 employer contribution ran above the $2,416 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.

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
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (participants)$1,812
WORLD INVESTMENT ADVISORS, LLCindirect 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$4,810 · 0.02%
2023$2,657 · 0.02%
Same employer
Similar plansFinance & Insurance · New York
Sidney Federal Credit Union NY$25.5M · 0.47%
The Bank of Greene County NY$25.3M · 0.13%
Preqin, Inc. NY$25.1M · 0.05%
Medallion Financial Corp. NY$24.2M · 0.48%
Vestwell Holdings, Inc. NY$23.8M · 0.08%
Eqt Partners, Inc. NY$23.1M · 0.08%
Sunmark Credit Union NY$23.0M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 134301934 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.