Vericast Corp. 401(k) Review & Grade
Vericast Corp. 401(k) Plan
San Antonio, TXInformation3,078 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,194Employer $ per active participant
$6,394Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$883.3MNet plan assets, end of year
$155,931Average balance per account
Score breakdown
- Employer generosity8.5 / 5017th percentile for employer $ per participant
- Low cost18.7 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Information plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 75th |
| Employee saving | 34th |
| Peers that auto-enroll | 63% |
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Red flags from the filing
Corrective distributions: the plan refunded $178,678 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Vericast put in about $1,194 per active participant, below the typical peer ($3,691). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,676,309 |
| Participant (employee) contributions | $19,684,612 |
| Other contributions (incl. rollovers in) | $1,369,339 |
| Administrative expenses paid from the plan | $561,220 |
| Investment advisory & management fees | $75,000 |
| Benefits paid out | $363,299,380 |
| Net assets, start / end of year | $1.1B / $883.3M |
| Active participants, start / end of year | 4,306 / 1,851 |
| Participants with account balances | 5,665 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $426,500 reported compensation |
| Ubs Financial Services, Inc | $75,000 reported compensation |
| Ernst & Young US LLP | $46,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009164644NAL0003767011001, received 2025-10-09, EIN 58-0278260, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.