401(k) · DOL Form 5500 · 2023

Verabank, Inc. 401(k) Plan

Data updated 2026-08-25

$76M
Total assets Below avg plan size
507
Participants Below avg headcount
89th
Percentile by assets National rank
$149,678
Avg per participant Above avg balance/head
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Official DOL plan name: Verabank, Inc. 401(k) Employee Stock Ownership Plan · Sponsored by Verabank, Inc. · Texas · Finance & Insurance

$76M in assets, 507 participants

Verabank, Inc.'s Verabank, Inc. 401(k) Employee Stock Ownership Plan reported $76M in total assets and 507 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.

  • #7,401 in Finance & Insurance (8,869 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 quartile of all filed plans by assets, $76M for 507 participants (~$149,678/participant), up 15.9% in 2023.

#7,401
in Finance & Insurance (8,869 peers)
+15.9%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Verabank, Inc. 401(k) Employee Stock Ownership Plan's outsized position by total assets

Verabank, Inc. 401(k) Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$75,886,786 Top 11% higher than 89% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Verabank, Inc. 401(k) Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Verabank, Inc. 401(k) Employee Stock Ownership Plan sits mid-pack in the medium band (507 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Verabank, Inc. 401(k) Employee Stock Ownership Plan reported net income rose from -$5M in the plan year 2022 filing to $10M in the plan year 2023 filing.
  • Verabank, Inc. 401(k) Employee Stock Ownership Plan end-of-year assets rose from $65M in the plan year 2022 filing to $76M in the plan year 2023 filing.
  • Verabank, Inc. 401(k) Employee Stock Ownership Plan reported participants rose from 468 in the plan year 2022 filing to 507 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 752371232 · Verabank, Inc. PY 2023 · 401(k)

Verabank, Inc. 401(k) Employee Stock Ownership Plan · $76M · 507 · 89th

  • BOOK $76M
  • BOOK 507
  • BOOK 89th
  • BOOK 401(k)
  • BOOK near Brotherhood Mutual Insurance Company 401(k) Plan
  • BOOK ind #7401

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Texas →

Verabank, Inc. 401(k) Employee Stock Ownership Plan in the asset neighbourhood

Serigraph, Inc. 401(k) Savings PlanSerigraph, Inc. 401(k) Savin…$76MVerabank, Inc. 401(k) Employee Stock Ownership PlanVerabank, Inc. 401(k) Employ…$76MLsa Associates, Inc. Profit-Sharing and Savings Plan and TrustLsa Associates, Inc. Profit-…$76MBrotherhood Mutual Insurance Company 401(k) PlanBrotherhood Mutual Insurance…$76MMesser Construction Co. 401(k) Savings PlanMesser Construction Co. 401(…$76M
End-of-year total assets ($M) among Verabank, Inc. 401(k) Employee Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$65M
Net Assets (End of Year)$76M
Net Income$10M
Employer EIN752371232
Plan Effective Date1965-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Verabank, Inc.)

Sponsor-wide plan assets over time

All Verabank, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$89M 35.48891036433888% vs 2022
2024 filing year
$60M$70M$80M$90M$100M 202220232024 $65.5M $88.7M ▲ +35.5%
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 Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Verabank, Inc. 401(k) Employee Stock Ownership Plan, Total assets ($B): 0.075886786 · Participants: 507Verabank, Inc. 401(k) Employee Stock Ownership PlanAT&T Retirement Savings Plan, Total assets ($B): 40.012012 · Participants: 119854AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 21.917 · Participants: 23477Exxonmobil Savings PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 16.496476432 · Participants: 41679Caterpillar 401(k) Savings PlanAmerican Airlines, Inc. 401(k) Plan, Total assets ($B): 14.680189879 · Participants: 88792American Airlines, Inc. 401(k) PlanDell Inc. 401(k) Plan, Total assets ($B): 13.529835 · Participants: 45686Dell Inc. 401(k) Plan
Verabank, Inc. 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in Texas, assets vs. participants
Compare Verabank, Inc. 401(k) Employee Stock Ownership Plan side-by-side with 3 peers →

Verabank, Inc. 401(k) Employee Stock Ownership Plan's out-of-state 401(k) peers by assets and headcount

Outside Texas, the nearest 401(k) by assets is Brotherhood Mutual Insurance Company 401(k) Plan in IN ($76M); by covered participants it is Greenfield Senior Living 401(k) Plan in VA (507 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (507 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Verabank, Inc. 401(k) Employee Stock Ownership Plan assets move in 2023? ▼
Verabank, Inc. 401(k) Employee Stock Ownership Plan grew sharply - up 15.9% during 2023, from $65M to $76M. Reported net income was $10M.
How have Verabank, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Verabank, Inc.'s sponsor-wide assets grew 35.5%, from $65M to $89M.
Where does Verabank, Inc. 401(k) Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Verabank, Inc. 401(k) Employee Stock Ownership Plan ranks in the 89th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Verabank, Inc. 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by assets is Brotherhood Mutual Insurance Company 401(k) Plan in IN ($76M, 617 participants).
Which 401(k) plans cover a similar participant headcount to Verabank, Inc. 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Greenfield Senior Living 401(k) Plan in VA (507 participants, $1M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 752371232.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.