Plan Ledger DOL Form 5500 · updated monthly

Verus Advisory, Inc.401(k)

VERUS ADVISORY, INC. RETIREMENT & SAVINGS PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Verus Advisory, Inc. reported $19,536 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,166 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 0.060% to 0.056%. 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 446th-largest of 1,714 plans among Washington employers on file, and the 2,086th of 4,798 in finance & insurance. In 2024, employees put in $3.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$37,050,275
Participants with balances121
Active participants94
Employer contributions$485,557
Employee contributions$1,766,178
Employer contribution per active participant$5,166
Average account balance$306,201
Benefits paid to participants$2,675,405
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$37.1M · 121 accts · $486K emplr
2023$33.1M · 118 accts · $477K emplr
2022$26.8M · 121 accts · $477K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,482
Investment management$54
Total administrative$19,536
The Verus Advisory, Inc. 401(k) match · 2024
Employer contribution per active participant$5,166
Median for plans this size$2,416
2024$5,166 per active participant
2023$5,073 per active participant
2022$5,071 per active participant

Verus Advisory, 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 · 20242
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$19,536
CHARLES SCHWAB & CO., INC. · Securities brokerage$460

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history3
2024$19,536 · 0.06%
2023$18,464 · 0.06%
2022$17,220 · 0.06%
Similar plansFinance & Insurance · Washington
Timberland Bank WA$39.9M · 0.14%
Columbia Credit Union WA$39.9M · 0.09%
Kitsap Credit Union WA$32.3M · 0.20%
Cashmere Valley Bank WA$30.6M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911320111 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.