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VEROS TECHNOLOGIES LLC 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameVEROS TECHNOLOGIES LLC 401(K) RETIREMENT PLAN
Plan identification number 001

VEROS TECHNOLOGIES LLC 401(K) RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

VEROS TECHNOLOGIES, LLC has sponsored the creation of one or more 401k plans.

Company Name:VEROS TECHNOLOGIES, LLC
Employer identification number (EIN):472340721
NAIC Classification:541700

Additional information about VEROS TECHNOLOGIES, LLC

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 5635559

More information about VEROS TECHNOLOGIES, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VEROS TECHNOLOGIES LLC 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01BREE TURNER
0012023-01-01
0012023-01-01BREE TURNER
0012022-01-01JOHN ANSAY2023-06-13
0012021-01-01JOHN ANSAY2022-06-13
0012020-01-01JOHN ANSAY2021-09-29
0012019-01-01JOHN ANSAY2020-10-13
0012018-01-01JOHN ANSAY2019-10-10
0012017-07-01JOHN ANSAY2018-07-02
0012016-07-01JOHN ANSAY2017-07-10

Financial Data on VEROS TECHNOLOGIES LLC 401(K) RETIREMENT PLAN

Measure Date Value
2025 : VEROS TECHNOLOGIES LLC 401(K) RETIREMENT PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-08-251001580
Net assets as of the end of the plan year2025-08-2513386753
Total assets as of the beginning of the plan year2025-08-259699179
Value of plan covered by a fidelity bond2025-08-25500000
Participant contributions to plan in this plan year2025-08-251359316
Value of participant loans at end of plan year2025-08-2582779
Other contributions to plan in this plan year2025-08-25340230
Other income to plan in this plan year2025-08-252148655
Plan net income in this plan year2025-08-253687574
Net assets as of the end of the plan year2025-08-2513386753
Net assets as of the beginning of the plan year2025-08-259699179
Employer contributions to plan in this plan year2025-08-25840953
Fees paid to broker by Benefit Provider2025-08-25439
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-2591790
2023 : VEROS TECHNOLOGIES LLC 401(K) RETIREMENT PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$4,603,859
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$1,005,073
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$912,748
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$2,540,041
Value of total assets at end of year2023-12-31$13,386,413
Value of total assets at beginning of year2023-12-31$9,787,627
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$92,325
Total interest from all sources2023-12-31$4,985
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$102,976
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$102,976
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$500,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$1,359,504
Participant contributions at end of year2023-12-31$82,908
Participant contributions at beginning of year2023-12-31$79,071
Participant contributions at end of year2023-12-31$95,776
Participant contributions at beginning of year2023-12-31$54,579
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$340,230
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2023-12-31$2,958
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$3,598,786
Value of net assets at end of year (total assets less liabilities)2023-12-31$13,386,413
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$9,787,627
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$7,154,102
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$5,350,482
Value of interest in pooled separate accounts at end of year2023-12-31$139,255
Value of interest in pooled separate accounts at beginning of year2023-12-31$89,235
Interest on participant loans2023-12-31$4,985
Value of interest in common/collective trusts at end of year2023-12-31$5,841,840
Value of interest in common/collective trusts at beginning of year2023-12-31$4,180,423
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$1,056,848
Net investment gain/loss from pooled separate accounts2023-12-31$15,261
Net investment gain or loss from common/collective trusts2023-12-31$883,748
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$840,307
Employer contributions (assets) at end of year2023-12-31$72,532
Employer contributions (assets) at beginning of year2023-12-31$33,837
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$909,790
Contract administrator fees2023-12-31$92,325
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Total unrealized appreciation/depreciation of assets2023-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total income from all sources (including contributions)2023-01-01$4,603,859
Total loss/gain on sale of assets2023-01-01$0
Total of all expenses incurred2023-01-01$1,005,073
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$912,748
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$2,540,041
Value of total assets at end of year2023-01-01$13,386,413
Value of total assets at beginning of year2023-01-01$9,787,627
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$92,325
Total interest from all sources2023-01-01$4,985
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$102,976
Total dividends received from registered investment company shares (eg mutual funds)2023-01-01$102,976
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$500,000
If this is an individual account plan, was there a blackout period2023-01-01No
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Contributions received from participants2023-01-01$1,359,504
Participant contributions at end of year2023-01-01$82,908
Participant contributions at beginning of year2023-01-01$79,071
Participant contributions at end of year2023-01-01$95,776
Participant contributions at beginning of year2023-01-01$54,579
Income. Received or receivable in cash from other sources (including rollovers)2023-01-01$340,230
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2023-01-01$2,958
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$3,598,786
Value of net assets at end of year (total assets less liabilities)2023-01-01$13,386,413
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$9,787,627
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-01-01$7,154,102
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-01-01$5,350,482
Value of interest in pooled separate accounts at end of year2023-01-01$139,255
Value of interest in pooled separate accounts at beginning of year2023-01-01$89,235
Interest on participant loans2023-01-01$4,985
Value of interest in common/collective trusts at end of year2023-01-01$5,841,840
Value of interest in common/collective trusts at beginning of year2023-01-01$4,180,423
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-01-01$1,056,848
Net investment gain/loss from pooled separate accounts2023-01-01$15,261
Net investment gain or loss from common/collective trusts2023-01-01$883,748
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01No
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Contributions received in cash from employer2023-01-01$840,307
Employer contributions (assets) at end of year2023-01-01$72,532
Employer contributions (assets) at beginning of year2023-01-01$33,837
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$909,790
Contract administrator fees2023-01-01$92,325
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
2022 : VEROS TECHNOLOGIES LLC 401(K) RETIREMENT PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-06-130
Total liabilities as of the end of the plan year2022-06-130
Total liabilities as of the beginning of the plan year2022-06-130
Total expenses incurred by plan in this plan year2022-06-1366399
Net assets as of the end of the plan year2022-06-139978589
Total assets as of the beginning of the plan year2022-06-136682740
Value of plan covered by a fidelity bond2022-06-13500000
Participant contributions to plan in this plan year2022-06-131055037
Value of participant loans at end of plan year2022-06-1386165
Other expenses paid from plan in this plan year2022-06-130
Other contributions to plan in this plan year2022-06-13460716
Other income to plan in this plan year2022-06-131256318
Plan net income in this plan year2022-06-133295849
Net assets as of the end of the plan year2022-06-139978589
Net assets as of the beginning of the plan year2022-06-136682740
Employer contributions to plan in this plan year2022-06-13590177
Fees paid to broker by Benefit Provider2022-06-13292
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-1366399

Form 5500 Responses for VEROS TECHNOLOGIES LLC 401(K) RETIREMENT PLAN

2023: VEROS TECHNOLOGIES LLC 401(K) RETIREMENT PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number528787
Policy instance 1
Insurance contract or identification number528787
Number of Individuals Covered123
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $388
Total amount of fees paid to insurance companyUSD $51
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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