401(k) · DOL Form 5500 · 2022
Verabank, Inc. 401(k) Plan
Data updated 2026-08-11
- $65M
- Total assets
- 468
- Participants
- 90th
- Percentile by assets
- $139,860
- Avg per participant
Official DOL plan name: Verabank, Inc. 401(k) Employee Stock Ownership Plan · Sponsored by Verabank, Inc. · Texas · Finance & Insurance
$65M in assets, 468 participants
Verabank, Inc.'s Verabank, Inc. 401(k) Employee Stock Ownership Plan reported $65M in total assets and 468 participants in its 2022 DOL Form 5500 filing, ranking in the 90th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 90th percentile by assets (of 139,126 plans)
- #7,779 in Finance & Insurance (9,261 peers)
Where Verabank, Inc. 401(k) Employee Stock Ownership Plan sits by assets
Verabank, Inc. 401(k) Employee Stock Ownership Plan sits in the top 10% of all filed plans by assets, $65M for 468 participants (~$139,860/participant), down 6.6% in 2022.
- $65M
- total plan assets (2022 EOY)
- 468
- covered participants
- 90th
- percentile by assets (of 139,126 plans)
- $139,860
- avg assets per participant
The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Where Verabank, Inc. 401(k) Employee Stock Ownership Plan sits by total assets
Verabank, Inc. 401(k) Employee Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$65,454,585 Top 10% higher than 90% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Verabank, Inc. 401(k) Employee Stock Ownership Plan vs the 2022 asset distribution
By assets, Verabank, Inc. 401(k) Employee Stock Ownership Plan outranks 90% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.7x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $70M |
|---|---|
| Net Assets (End of Year) | $65M |
| Net Income | -$5M |
| Employer EIN | 752371232 |
| Plan Effective Date | 1965-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Verabank, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 468 | $65M |
| 2023 | 1 | 507 | $76M |
| 2024 | 1 | 534 | $89M |
Nearby 401(k) Plans in Texas
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Verabank, Inc. 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in Texas, assets vs. participants
- AT&T Retirement Savings Plan $37.6B · 144,503
- Exxonmobil Savings Plan $21.3B · 23,619
- Caterpillar 401(k) Savings Plan $13.8B · 38,538
- American Airlines, Inc. 401(k) Plan $12.8B · 85,577
- Dell Inc. 401(k) Plan $12.0B · 47,532
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Verabank, Inc. 401(k) Employee Stock Ownership Plan by total assets, not by location.
Frequently Asked Questions
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Ways to act on Verabank, Inc. 401(k) Employee Stock Ownership Plan's numbers.
- By total assets, Verabank, Inc. 401(k) Employee Stock Ownership Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Texas. Compare plans
- Verabank, Inc.'s sponsor-wide assets have grown 35.5% since 2022 across 3 plan years on file. More Finance & Insurance plans