Plan Ledger DOL Form 5500 · updated monthly

Veritas Management Group, LLC401(k)

CENTER 401(K) PLAN · COLORADO SPRINGS, CO · plan year 2024

Reported admin expense ratio · 2024
0.89%

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

Veritas Management Group, LLC reported $168,726 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~90% of peers. Employer contributions averaged $436 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 3 years on file its reported administrative ratio has held roughly steady near 0.89%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 511th-largest of 1,461 plans among Colorado employers on file, and the 3,623rd of 11,911 in health care & social assistance. In 2024, employees put in $2.08 for every $1.00 the employer contributed; active participation has shrunk from 2,833 to 2,414 since 2022.

Plan summary
Net assets, end of year$20,522,970
Participants with balances699
Active participants2,414
Employer contributions$1,051,985
Employee contributions$2,183,348
Employer contribution per active participant$436
Average account balance$29,360
Benefits paid to participants$2,612,218
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.5M · 699 accts · $1.1M emplr
2023$17.5M · 657 accts · $702K emplr
2022$13.7M · 606 accts · $926K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$85,727
Investment management$82,999
Total administrative$168,726
The Veritas Management Group, LLC 401(k) match · 2024
Employer contribution per active participant$436
Median for plans this size$2,416
2024$436 per active participant
2023$262 per active participant
2022$327 per active participant

Veritas Management Group, LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$85,727
CREATIVE PLANNING · Investment advisory (plan)$82,999

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$168,726 · 0.89%
2023$142,169 · 0.91%
2022$126,221 · 0.93%
Similar plansHealth Care & Social Assistance · Colorado
Hopewest CO$21.3M · 0.65%
Strive Health, LLC CO$20.9M · 0.38%
Hero Dvo LLC CO$19.3M · 0.80%
Transcarent, Inc. CO$18.6M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 272876769 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.