Plan Ledger DOL Form 5500 · updated monthly

Versa Networks Inc401(k)

VERSA NETWORKS 401(K) PLAN · SANTA CLARA, CA · plan year 2024

Reported admin expense ratio · 2024
0.04%

Versa Networks Inc reported $9,423 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% 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 fell from 0.039% to 0.036%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 2,711th-largest of 9,483 plans among California employers on file, and the 793rd of 2,199 in information & media. active participation has grown from 244 to 269 since 2022.

Plan summary
Net assets, end of year$29,465,192
Participants with balances279
Active participants269
Employer contributions—
Employee contributions$4,447,969
Employer contribution per active participant—
Average account balance$105,610
Benefits paid to participants$2,133,120
Plan auditUnmodified (clean) audit opinion
AuditorBPM LLP
Plan history3
Yearassets · accounts · employer contribution
2024$29.5M · 279 accts
2023$22.9M · 270 accts · $390 emplr
2022$15.8M · 263 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,125
Investment management$5,698
Total administrative$9,423
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 ADVISORS, LLC · Investment advisory (participants)$5,693
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (participants)$3,730

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$9,423 · 0.04%
2023$17,993 · 0.09%
2022$5,998 · 0.04%
Same employer
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Scribd, Inc. CA$30.1M · 0.30%
Skydance Productions, LLC CA$30.1M · 0.31%
The Myers-Briggs Company CA$30.0M · 0.14%
Quizlet, Inc. CA$29.5M · 0.05%
Saviynt, Inc. CA$29.4M · 0.62%
Quora, Inc. CA$29.3M · 0.02%
Perceptyx, Inc. CA$29.2M · 0.41%
Eightfold Ai Inc CA$29.1M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364741451 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.