401(k) · DOL Form 5500 · 2023

Veranex, Inc. 401(k) Plan

Data updated 2026-08-25

$48M
Total assets Below avg plan size
417
Participants Below avg headcount
85th
Percentile by assets National rank
$115,507
Avg per participant Below avg balance/head
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Official DOL plan name: Veranex 401(k) Plan · Sponsored by Veranex, Inc. · Massachusetts · Administrative & Support Services

$48M in assets, 417 participants

Veranex, Inc.'s Veranex 401(k) Plan reported $48M in total assets and 417 participants in its 2023 DOL Form 5500 filing, ranking in the 85th 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.

  • #4,052 in Administrative & Support Services (4,372 peers)

Where Veranex 401(k) Plan sits by assets

Veranex 401(k) Plan sits in the top quartile of all filed plans by assets, $48M for 417 participants (~$115,507/participant), up 30.9% in 2023.

#4,052
in Administrative & Support Services (4,372 peers)
+30.9%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Veranex 401(k) Plan's outsized position by total assets

Veranex 401(k) Plan vs every filed plan by assets

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

$48,166,388 Top 15% higher than 85% 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

Veranex 401(k) 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. Veranex 401(k) Plan sits mid-pack in the medium band (417 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Veranex 401(k) Plan reported net income rose from -$5M in the plan year 2022 filing to $10M in the plan year 2023 filing.
  • Veranex 401(k) Plan reported participants rose from 253 in the plan year 2022 filing to 417 in the plan year 2023 filing.
  • Veranex 401(k) Plan end-of-year assets rose from $37M in the plan year 2022 filing to $48M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 863497638 · Veranex, Inc. PY 2023 · 401(k)

Veranex 401(k) Plan · $48M · 417 · 85th

  • PCT $48M
  • EIN 417
  • RANK 85th
  • PHOTO 401(k)
  • IND near The Haddad Organization, Ltd. 401(k) Profit Sharing Plan
  • EOY ind #4052

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 Administrative & Support Services retirement plans → · Plans in Massachusetts →

Veranex 401(k) Plan in the asset neighbourhood

Veranex 401(k) Plan$48MThe Haddad Organization, Ltd. 401(k) Profit Sharing PlanThe Haddad Organization, Ltd…$48MFresh Mark, Inc. Savings Plan$48MMedix Staffing Solutions, Inc. 401(k) PlanMedix Staffing Solutions, In…$48MCardiothoracic & Vascular Surgical Associates, S.C. Retirement Savings PlanCardiothoracic & Vascular Su…$48M
End-of-year total assets ($M) among Veranex 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$37M
Net Assets (End of Year)$48M
Net Income$10M
Employer EIN863497638
Plan Effective Date1997-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Veranex, Inc.)

Sponsor-wide plan assets over time

All Veranex, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$51M 39.89540109226687% vs 2022
2024 filing year
$35M$40M$45M$50M$55M 202220232024 $36.8M $51.5M ▲ +39.9%
Year Plans Participants Total Assets
2022 1 253 $37M
2023 1 417 $48M
2024 1 389 $51M

Nearby 401(k) Plans in Massachusetts

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Veranex 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Veranex 401(k) Plan, Total assets ($B): 0.048166388 · Participants: 417Veranex 401(k) PlanFidelity Retirement Savings Plan, Total assets ($B): 28.649852331 · Participants: 62289Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 10.556596852 · Participants: 37052Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 6.829912863 · Participants: 14094Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 5.786107181 · Participants: 19881Boston Scientific Corporation 401(k) Retirement Savings PlanPhilips North America 401(k) Plan, Total assets ($B): 5.779286156 · Participants: 19120Philips North America 401(k) Plan
Veranex 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Veranex 401(k) Plan side-by-side with 3 peers →

Veranex 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is The Haddad Organization, Ltd. 401(k) Profit Sharing Plan in NJ ($48M); by covered participants it is Radians, Inc. 401(k) Plan in TN (417 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (417 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 Veranex 401(k) Plan assets move in 2023? ▼
Veranex 401(k) Plan surged - up 30.9% during 2023, from $37M to $48M. Reported net income was $10M.
How have Veranex, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Veranex, Inc.'s sponsor-wide assets grew 39.9%, from $37M to $51M.
Where does Veranex 401(k) Plan rank by assets among Form 5500 filers? ▼
Veranex 401(k) Plan ranks in the 85th 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 Veranex 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Haddad Organization, Ltd. 401(k) Profit Sharing Plan in NJ ($48M, 439 participants).
Which 401(k) plans cover a similar participant headcount to Veranex 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Radians, Inc. 401(k) Plan in TN (417 participants, $18M 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 863497638.

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.