Verrex 401(K) Savings/Retirement Plan & Trust — Form 5500 plan (Verrex LLC)
Plain-English plan 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, Verrex 401(K) Savings/Retirement Plan & Trust is a benefit plan reported by Verrex LLC under EIN 81-3115361 and plan number 001. The latest loaded filing year is 2023. The filing reports 141 participants and $9,732,032 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Verrex LLC
- EIN
- 81-3115361
- Plan number
- 001
- Plan type
- 2
- Location
- Mountainside, NJ
- Latest filing year
- 2023
- Participants
- 141
- End-of-year plan assets
- $9,732,032
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 141 | H, C | 20240823052615NAL0006055425001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $9,732,032
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,732,032
- Net assets (BOY)
- $8,877,696
Income & contributions
- Participant contributions
- $546,434
- Total contributions
- $714,836
- Total income / additions
- $2,322,122
Expenses & distributions
- Benefits paid
- $1,438,404
- Administrative expenses
- $29,322
- Total expenses
- $1,467,786
- Net increase / (decrease)
- $854,336
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Woodbury Financial Services Inc. | INVESTMENT/FINANCIAL ADVI | $27,111 | $0 | 2023 |
| Adp, Inc. | RECORD KEEPER | $2,210 | $0 | 2023 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 | 2023 |