Retirement plan

VERA INSTITUTE PENSION PLAN

Name: VERA INSTITUTE OF JUSTICE, INC. - VERA INSTITUTE PENSION PLAN (2024) Form 5500
Creator: VERA INSTITUTE OF JUSTICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VERA INSTITUTE PENSION PLAN, VERA INSTITUTE OF JUSTICE, INC.

VERA INSTITUTE OF JUSTICE, INC.EIN 13-1941627Plan #001PY 2024

34 35TH STREET, 4-2A - BROOKLYN, NY 11232212-376-3068vera.orgLinkedIn201-500 employeesnon-profit organization management

Other plans on this EIN

1 filing

#003Retirement-$20.5M assets

Prospect flagsWind-down / frozen

Top hat statement on fileNQDC

Filed December 1, 2017

Plan administrator

Plan administrator name— Sign in and upgrade to view

233 Broadway

New York State: NY Zip Code: 10279

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Plans declared (1)

Vera Institute of Justice 457(b) Deferred Compensation Plan1 emp

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Total assets (EOY)

$7.2M

+0.9% from 2023

Total participants

241

-2.8% from 2023

Average account balance

$29,749

+3.8% from 2023

Annual return

13.52%

-2.44 pp from 2023

Benchmarks

See 10,657 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,657 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$7.17M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$30K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

241

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.52%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$140

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$33,784
KESTRA INVESTMENT SERVICES LLC9 years Service code 55 5707 SOUTHWEST PWY · AUSTIN, TX 78735	Other Commissions	$15,940

Plan features & details

Pension benefit codes2C2F2G2K2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$34K

$384 / participant

Recordkeeping$34K100.0%

% of EOY assets

0.471%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PKF O'CONNOR DAVIES, LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,749

$58,275-49.0%

$81,844-63.7%

$80,935-63.2%

Participation rate

100.0%

63.5%+36.5pp

72.4%+27.6pp

67.7%+32.3pp

Annual return

13.52%

41.82%-28.3pp

778.87%-765.4pp

35.66%-22.1pp

Employer contribution / active EE

$2,346-100.0%

$2,916-100.0%

$2,757-100.0%

Participant deferral / active EE

$3,285-100.0%

$4,323-100.0%

$4,299-100.0%

Admin fee / account holder

$140

$4,749-97.0%

$7,355-98.1%

$6,924-98.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER LIFE & ANNUITY INSURANCE

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$33,784

KESTRA INVESTMENT SERVICES LLC9 years

Service code 55

5707 SOUTHWEST PWY · AUSTIN, TX 78735

Other Commissions

$15,940

VERA INSTITUTE PENSION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VERA INSTITUTE PENSION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion