401(k) · DOL Form 5500 · 2024

Verabank, Inc. 401(k) Plan

Data updated 2026-08-25

$89M
Total assets Below avg plan size
534
Participants Below avg headcount
90th
Percentile by assets National rank
$166,074
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

$89M in assets, 534 participants

Verabank, Inc.'s Verabank, Inc. 401(k) Employee Stock Ownership Plan reported $89M in total assets and 534 participants in its 2024 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.

  • #7,162 in Finance & Insurance (8,549 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, $89M for 534 participants (~$166,074/participant), up 16.9% in 2024.

#7,162
in Finance & Insurance (8,549 peers)
+16.9%
assets growth YoY
0.9×
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 2024 · DOL Form 5500

$88,683,704 Top 10% higher than 90% of 123,620 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 2024

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

Plan-year 2024 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 (534 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Verabank, Inc. 401(k) Employee Stock Ownership Plan reported net income rose from $10M in the plan year 2023 filing to $13M in the plan year 2024 filing.
  • Verabank, Inc. 401(k) Employee Stock Ownership Plan end-of-year assets rose from $76M in the plan year 2023 filing to $89M in the plan year 2024 filing.
  • Verabank, Inc. 401(k) Employee Stock Ownership Plan reported participants rose from 507 in the plan year 2023 filing to 534 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 752371232 · Verabank, Inc. PY 2024 · 401(k)

Verabank, Inc. 401(k) Employee Stock Ownership Plan · $89M · 534 · 90th

  • PART $89M
  • TYPE 534
  • NET 90th
  • BOOK 401(k)
  • VS-ST near Dignity Health 401(k) Plan
  • BOY ind #7162

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

Berry Petroleum Company, LLC 401(k) PlanBerry Petroleum Company, LLC…$89MVerabank, Inc. 401(k) Employee Stock Ownership PlanVerabank, Inc. 401(k) Employ…$89MDignity Health 401(k) Plan$89MArvin Sango, Inc. & Subsidiaries Savings PlanArvin Sango, Inc. & Subsidia…$89MMidwest Anesthesiologists, Ltd. Profit Sharing Plan and TrustMidwest Anesthesiologists, L…$89M
End-of-year total assets ($M) among Verabank, Inc. 401(k) Employee Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$76M
Net Assets (End of Year)$89M
Net Income$13M
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): 0.088683704 · Participants: 534Verabank, Inc. 401(k) Employee Stock Ownership PlanAT&T Retirement Savings Plan, Total assets ($B): 43.121795 · Participants: 109889AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 23.711 · Participants: 21990Exxonmobil Savings PlanChevron Employee Savings Investment Plan, Total assets ($B): 20.378704663 · Participants: 21505Chevron Employee Savings Investment PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 18.81200478 · Participants: 43873Caterpillar 401(k) Savings PlanSouthwest Airlines Co. Retirement Savings Plan, Total assets ($B): 16.991748637 · Participants: 67820Southwest Airlines Co. Retirement Savings 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 Dignity Health 401(k) Plan in CA ($89M); by covered participants it is Apple Valley Ford Retirement Savings Plan in MN (534 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (534 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Verabank, Inc. 401(k) Employee Stock Ownership Plan grew sharply - up 16.9% during 2024, from $76M to $89M. Reported net income was $13M.
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 90th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% 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 Dignity Health 401(k) Plan in CA ($89M, 923 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 Apple Valley Ford Retirement Savings Plan in MN (534 participants, $34M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.