Plan Ledger DOL Form 5500 · updated monthly

Vertical Earth, Inc.401(k)

VERTICAL EARTH 401(K) PLAN · CUMMING, GA · plan year 2024

Reported admin expense ratio · 2024
0.97%

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

Vertical Earth, Inc. reported $52,572 in plan administrative expenses for 2024: 0.97% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,605 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 1.06% to 0.97%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Georgia (1,507th of 2,160), and 3,681st of 5,337 in construction. In 2024, the employer put in $1.13 for every $1.00 employees contributed themselves; active participation has grown from 108 to 355 since 2022.

Plan summary
Net assets, end of year$6,419,139
Participants with balances425
Active participants355
Employer contributions$924,614
Employee contributions$816,268
Employer contribution per active participant$2,605
Average account balance$15,104
Benefits paid to participants$308,379
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.4M · 425 accts · $925K emplr
2023$4.4M · 216 accts · $714K emplr
2022$3.1M · 117 accts · $560K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,572
Total administrative$52,572
The Vertical Earth, Inc. 401(k) match · 2024
Employer contribution per active participant$2,605
Median for plans this size$1,313
2024$2,605 per active participant
2023$3,321 per active participant
2022$5,182 per active participant

Vertical Earth, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$48,274
ERISA SERVICES, INCL · Contract administrator · Other services$4,274
TRUIST ADVISORY SERVICES, INC. · Investment advisory (plan)indirect comp
WILSHIRE ASSOCIATES INCORPORATED · Investment advisory (plan)indirect comp

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$52,572 · 0.97%
2023$38,086 · 1.01%
2022$32,814 · 1.06%
Similar plansConstruction · Georgia
Cable East Inc GA$6.7M · 0.53%
Cmes, Inc. GA$6.4M · 0.52%
Rh&A, LLC GA$6.3M · 1.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582299053 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.