Veritas Logistics401(k)
VERITAS LOGISTICS 401(K) PLAN · PORT WASHINGTON, NY · plan year 2023
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Veritas Logistics reported $303 in plan administrative expenses for 2023: 0.17% of average plan assets, lower than ~75% of peers. Employer contributions averaged $590 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.
The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in New York (5,559th of 5,648), and 2,591st of 2,677 in transportation & warehousing. In 2023, employees put in $2.08 for every $1.00 the employer contributed.
Veritas Logistics's 2023 employer contribution ran above the $522 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 852765293 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.