Verbit 401(k) match, vesting and fees
What Verbit's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company O | Schedule C ↗ |
| Independent auditor | Holthouse Carlin & Van Trigt LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2022 medians for 1,473 defined-contribution plans in information with 100 to 499 participants.
| Verbit: employer contribution per participant | $2,038 | |
| Peer median | $1,944 |
| Verbit: average balance | $43,143 | |
| Peer median | $45,412 |
| Verbit: admin expenses ÷ assets | 0.19% | |
| Peer median | 0.24% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $22.3M at the end of plan year 2021 to $20.3M at the end of plan year 2022.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2022 | 787 | $20.3M | $960K | $2,038 | 0.19% | Not published | Form 5500 ↗ |
| 2021 | 780 | $22.3M | $318K | $675 | 0.09% | Not published | Form 5500 ↗ |
Other Verbit plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Verbit Group Retirement Savings Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Life & Annuity Insurance Co | Schedule C ↗ |
| Independent auditor | Holthouse Carlin & Van Trigt LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
Common questions
Does Verbit match 401(k) contributions?
The match terms for the Vitac Corporation Retirement Savings Plan have not been published from its filing yet. The plan year 2022 filing reports $960K in employer contributions, about $2,038 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Verbit 401(k) match vested?
The vesting schedule for the Vitac Corporation Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Verbit 401(k)?
The recordkeeper listed on Schedule C of the plan year 2022 filing is Empower Annuity Insurance Company O. The plan administrator is Vitac Corporation.
I left Verbit. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Vitac Corporation, (720) 937-1015) or the recordkeeper, Empower Annuity Insurance Company O. The Verbit old 401(k) page lists the contacts from every plan filing. Find an old Verbit 401(k)
Data from the public Form 5500 annual reports Verbit filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Verbit. Not financial advice. Report a correction · Methodology