Plan Ledger DOL Form 5500 · updated monthly

Verition Group LLC401(k)

VERITION GROUP 401(K) PLAN · GREENWICH, CT · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Verition Group LLC reported $92,301 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $0 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 0.34%. 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 393rd-largest of 1,106 plans among Connecticut employers on file, and the 2,247th of 4,798 in finance & insurance. active participation has grown from 227 to 432 since 2022.

Plan summary
Net assets, end of year$33,419,406
Participants with balances334
Active participants432
Employer contributions$0
Employee contributions$6,009,488
Employer contribution per active participant$0
Average account balance$100,058
Benefits paid to participants$2,638,485
Plan auditUnmodified (clean) audit opinion
AuditorERNST AND YOUNG LLP
Plan history3
Yearassets · accounts · employer contribution
2024$33.4M · 334 accts
2023$20.6M · 242 accts
2022$12.0M · 172 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,068
Investment management$60,233
Total administrative$92,301
The Verition Group LLC 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416

Verition 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
BEIRNE WEALTH CONSULTING SERVICES · Investment advisory (plan)$60,233
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$32,361

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$92,301 · 0.34%
2023$52,268 · 0.32%
2022$42,417 · 0.35%
Same employer
Similar plansFinance & Insurance · Connecticut
Suffolk Continuation, Inc. CT$37.5M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262467041 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.