2023 Form 5500 filing — Veranex 401k Plan

Plain-English filing summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241014121828NAL0014909331001) for Veranex 401k Plan, reported by Veranex, Inc. under EIN 86-3497638 and plan number 001. It reports 620 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Form 5500 2 · 2023

Filing snapshot

Net assets (EOY)$48.2MReported net assets$48,166,388

Participants620

Provider compensation$103.9K2 Schedule C row(s)$103,882

Schedules filedSchedule H, Schedule CLoaded schedules

EFAST2 acknowledgement: 20241014121828NAL0014909331001
Plan sponsor: Veranex, Inc.
EIN: 86-3497638
Plan number: 001
Location: Boston, MA
Received date: not reported in the loaded dataset

How to read this filing

This is a single annual Form 5500 filing, identified by its EFAST2 acknowledgement id.
Schedule chips (Sch H / I / C) show which schedules this filing includes.
Net assets = total assets minus total liabilities (Schedule H/I).
Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
For the plan's full history, open the plan profile.

Schedule H · 2023

Reported financial snapshot

Reported figures as filed, in whole dollars. Only fields the filing reports are shown.

Reported balance (end of year)$48.2M total assets

Net assets$48.2MLiabilities$0

Money in vs. money out

Total income / additions$14M

Total expenses$3.9M

Benefits paid / distributions$3.8M

Contributions

Employer$1.1M

Participant$4.6M

Full reported line items

Total assets (EOY): $48,166,388
Total liabilities (EOY): $0
Net assets (EOY): $48,166,388
Employer contributions: $1,060,755
Participant contributions: $4,551,517
Total income / additions: $13,975,039
Benefits paid: $3,819,919
Administrative expenses: $103,882
Total expenses: $3,928,779
Net increase / (decrease): $10,046,260

Schedule C

Reported service provider compensation

Compensation reported on the 2023 filing, ranked by reported total.

1
Mma Securities LLC$61K
RETAINED BY EMPLOYER · Direct $61K
2
John Hancock$42.9K
RETAINED BY EMPLOYER · Direct $42.9K · Indirect $0

What to inspect next

Frequently asked questions

What does EFAST2 acknowledgement 20241014121828NAL0014909331001 cover?: It is the 2023 Form 5500 filing for Veranex 401k Plan, reported by Veranex, Inc. (EIN 86-3497638).
Which Form 5500 schedules are attached to this 2023 filing?: Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).