Versiti, Inc. 401(k) Review & Grade
Versiti, Inc. 401(k) Retirement Plan
Milwaukee, WIHealth Care & Social Assistance2,622 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,314Employer $ per active participant
$4,896Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$166.1MNet plan assets, end of year
$53,302Average balance per account
Score breakdown
- Employer generosity41.6 / 5083th percentile for employer $ per participant
- Low cost10.1 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 83th |
| Lower admin cost | 40th |
| Employee saving | 70th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($821,943 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Versiti put in about $3,314 per active participant, more than the typical peer ($800). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $8,686,386 |
| Participant (employee) contributions | $12,834,151 |
| Other contributions (incl. rollovers in) | $3,167,889 |
| Administrative expenses paid from the plan | $254,064 |
| Contract administrator fees | $26,805 |
| Investment advisory & management fees | $32,279 |
| Other admin expenses | $194,980 |
| Benefits paid out | $14,623,204 |
| Net assets, start / end of year | $138.0M / $166.1M |
| Active participants, start / end of year | 2,483 / 2,760 |
| Participants with account balances | 3,117 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| Fid Inv Inst Ops Co | $194,981 reported compensation |
| Captrust Financial | $32,279 reported compensation |
| Grantthornton LLP | $26,805 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250827161922NAL0016810480001, received 2025-08-27, EIN 45-4675354, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.