2023 Form 5500 filing — Verrex 401(K) Savings/Retirement Plan & Trust
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 20240823052615NAL0006055425001) for Verrex 401(K) Savings/Retirement Plan & Trust, reported by Verrex LLC under EIN 81-3115361 and plan number 001. It reports 141 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240823052615NAL0006055425001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Verrex LLC
- EIN
- 81-3115361
- Plan number
- 001
- Location
- Mountainside, NJ
- Participants
- 141
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $9,732,032
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,732,032
- Participant contributions
- $546,434
- Total income / additions
- $2,322,122
- Benefits paid
- $1,438,404
- Administrative expenses
- $29,322
- Total expenses
- $1,467,786
- Net increase / (decrease)
- $854,336
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Woodbury Financial Services Inc. | INVESTMENT/FINANCIAL ADVI | $27,111 | $0 |
| Adp, Inc. | RECORD KEEPER | $2,210 | $0 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 |