2023 Form 5500 filing — Verbit Group Retirement Savings 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 20241015144619NAL0049987424001) for Verbit Group Retirement Savings Plan, reported by Verbit, Inc. under EIN 25-1519537 and plan number 003. It reports 787 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)$24.1MReported net assets$24,081,727

Participants787

Provider compensation$68.8K5 Schedule C row(s)$68,808

Schedules filedSchedule H, Schedule CLoaded schedules

EFAST2 acknowledgement: 20241015144619NAL0049987424001
Plan sponsor: Verbit, Inc.
EIN: 25-1519537
Plan number: 003
Location: Greenwood Village, CO
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)$24.1M total assets

Net assets$24.1MLiabilities$0

Money in vs. money out

Total income / additions$7.6M

Total expenses$3.9M

Benefits paid / distributions$3.8M

Contributions

Employer$1M

Participant$2.1M

Full reported line items

Total assets (EOY): $24,081,727
Total liabilities (EOY): $0
Net assets (EOY): $24,081,727
Employer contributions: $1,041,480
Participant contributions: $2,113,871
Total income / additions: $7,619,950
Benefits paid: $3,789,953
Administrative expenses: $68,808
Total expenses: $3,858,761
Net increase / (decrease): $3,761,189

Schedule C

Reported service provider compensation

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

1
Mma Securities LLC$32.2K
INVESTMENT ADVISOR · Direct $32.2K
2
Empower Life & Annuity Insurance Co$26.4K
RECORDKEEPER · Direct $26.4K · Indirect $0
3
Empower Advisory Group, LLC$7.5K
INVESTMENT MGMT · Direct $7.5K
4
Morgan Stanley$2.4K
OTHER · Direct $2.4K
5
Qdro Consultants Company, LLC$400
CONSULTING · Direct $400

What to inspect next

Frequently asked questions

What does EFAST2 acknowledgement 20241015144619NAL0049987424001 cover?: It is the 2023 Form 5500 filing for Verbit Group Retirement Savings Plan, reported by Verbit, Inc. (EIN 25-1519537).
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).