Plan Ledger DOL Form 5500 · updated monthly

Vert Markets, Inc.401(k)

PETERSON BROTHERS RETIREMENT PLAN · ERIE, PA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Vert Markets, Inc. reported $84,958 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $6,354 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 2 years on file its reported administrative ratio fell from 0.23% to 0.19%. 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 855th-largest of 3,651 plans among Pennsylvania employers on file, and the 559th of 2,199 in information & media. In 2024, employees put in $1.93 for every $1.00 the employer contributed; active participation has shrunk from 116 to 104 since 2022.

Plan summary
Net assets, end of year$45,731,217
Participants with balances136
Active participants104
Employer contributions$660,808
Employee contributions$1,276,487
Employer contribution per active participant$6,354
Average account balance$336,259
Benefits paid to participants$3,337,501
Plan auditUnmodified (clean) audit opinion
AuditorSCHAFFNER KNIGHT MINNAUGH & CO PC
Plan history3
Yearassets · accounts · employer contribution
2024$45.7M · 136 accts · $661K emplr
2023$41.6M · 149 accts · $900K emplr
2022$34.8M · 133 accts · $779K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$84,958
Total administrative$84,958
The Vert Markets, Inc. 401(k) match · 2024
Employer contribution per active participant$6,354
Median for plans this size$2,416
2024$6,354 per active participant
2023$6,569 per active participant
2022$6,714 per active participant

Vert Markets, Inc.'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 · 20245
WELLS FARGO ADVISORS FIN NETWORK LL · Investment advisory (plan)$45,000
SCHAFFNER, KNIGHT, MINNAUGH& COMPAN · Accounting / audit$14,900
M2B RETIREMENT CONSULTING LLC · Contract administrator$6,887
EMPOWER ADVISORY GROUP, LLC · Investment management$2,431

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$84,958 · 0.19%
2023$83,533 · 0.22%
2022$86,359 · 0.23%
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Eps US, LLC PA$49.0M · 0.38%
Continental Broadband, LLC PA$45.9M · 0.19%
Whyy, Inc. PA$44.6M · 0.08%
Carnegie Learning, Inc. PA$43.0M · 0.32%
Clipper Magazine, LLC PA$42.0M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 820548255 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.