Original filing (PDF)20251001131621NAL0005941171001

Verabank, Inc.

Name: Verabank, Inc. — Verabank, Inc. 401(k) Employee, Form 5500 (2024)
Creator: Verabank, Inc.
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

Verabank, Inc. 401(k) Employee Stock Ownership Plan

401(k) retirement plan · Verabank, Inc.'s Verabank, Inc. 401(k) Employee Stock Ownership Plan held $88.7M in plan assets for 524 participants in 2024, with Principal as recordkeeper.

Signals · 1

22% employer stock

Active participants

524

Accounts w/ balance

713

Plan assets (EOY)

$88.7M

Net assets (EOY)

$88.7M

How this plan invests

This plan

35 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

Above-average plan

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

100

Total plan cost

Plan health

Vendor & structure

100

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for VERABANK, INC..

Plan sponsor

Name

VERABANK, INC.

EIN

75-2371232all filings

Address

201 WEST MAIN STREET · HENDERSON, TX · 756523106

Phone

(903) 657-8521

Industry

Commercial Banking· Finance & Insurance

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-01

Pension benefit codes

2E · Profit-sharing

2G · Total participant-directed accounts

2I · Stock bonus

2J · 401(k) feature

2K · 401(m) arrangement

2O · ESOP (non-leveraged)

2S · Automatic enrollment

2T · Default investment account (QDIA)

Service providers (Schedule C)

2 rows

Recordkeeper

Name	EIN	Location	Relation	Direct comp	Indirect comp
PRINCIPAL LIFE INSURANCE COMPANY	42-0127290	—	CONTRACT ADMINISTRATOR	$126K	—

Advisor / Consultant

Name	EIN	Location	Relation	Direct comp	Indirect comp
WILSHIRE ADVISORS LLC	95-2755361	—	INVESTMENT ADVISORY	$0	—

Investments

35 direct securities· $86.2M(97% of reported assets)

Mutual Funds

$56.1M

24 holdings

Common Stocks

$18.9M

1 holding

Common Collective Trusts

$9.0M

7 holdings

Bonds / Notes

$2.0M

1 holding

Cash / Money Market

$113K

1 holding

Other securities

$31K

1 holding

					% of plan
Verabank, Inc. ESOP Stock - Employer Security -	Common Stocks	—	—	$18.9M	21.3%
Vanguard Group Vanguard Growth Index Admiral Fund	Mutual Funds	—	—	$6.0M	6.7%
Vanguard Group Vanguard Fed Money Mrkt Inv Fd	Mutual Funds	—	—	$5.6M	6.3%
TIAA Investments Nuveen Lifecycl Index 2025 R6	Mutual Funds	—	—	$5.6M	6.3%
TIAA Investments Nuveen Lifecycl Index 2050 R6	Mutual Funds	—	—	$5.0M	5.6%
TIAA Investments Nuveen Lifecycl Index 2045 R6	Mutual Funds	—	—	$4.3M	4.9%
TIAA Investments Nuveen Lifecycl Index 2040 R6	Mutual Funds	—	—	$4.2M	4.7%
TIAA Investments Nuveen Lifecycl Index 2035 R6	Mutual Funds	—	—	$3.9M	4.4%
Vanguard Group Vanguard Total Stock Market Index Admiral Fund	Common Collective Trusts	—	—	$3.7M	4.1%
Vanguard Group Vanguard Total Bond Market Index Admiral Fund	Mutual Funds	—	—	$3.5M	4.0%
TIAA Investments Nuveen Lifecycl Index 2055 R6	Mutual Funds	—	—	$3.2M	3.6%
TIAA Investments Nuveen Lifecycl Index 2030 R6	Mutual Funds	—	—	$3.0M	3.4%
Vanguard Group Vanguard Dev Mkts Index Adm Fd	Mutual Funds	—	—	$2.5M	2.8%
Participant Loans Rates Range From 3.25% to 5.50% -	Bonds / Notes	—	—	$2.0M	2.2%
Vanguard Group Vanguard Midcp Grth Idx Adm Fd	Common Collective Trusts	—	—	$1.6M	1.9%
Vanguard Group Vanguard Mid Cap Index Adm Fd	Mutual Funds	—	—	$1.6M	1.8%
Vanguard Group Vanguard Hi Div Yld Idx Adm Fd	Common Collective Trusts	—	—	$1.6M	1.8%
Vanguard Group Vanguard Sm Cap Index Adm Fund	Mutual Funds	—	—	$1.5M	1.7%
TIAA Investments Nuveen Lifecycl Index 2020 R6	Mutual Funds	—	—	$1.3M	1.5%
Vanguard Group Vanguard Value Index Adm Fund	Mutual Funds	—	—	$1.2M	1.4%
TIAA Investments Nuveen Lifecycl Index 2060 R6	Mutual Funds	—	—	$1.2M	1.3%
Vanguard Group Vanguard Emerging Mk Stk Index Admiral Fund	Mutual Funds	—	—	$888K	1.0%
Vanguard Group Vanguard Sm Cap Val Idx Adm Fd	Common Collective Trusts	—	—	$720K	0.8%
Vanguard Group Vanguard Midcap Val Idx Adm Fd	Common Collective Trusts	—	—	$709K	0.8%
Vanguard Group Vanguard Sm Cap Gr Idx Adm Fd	Common Collective Trusts	—	—	$685K	0.8%
TIAA Investments Nuveen Lifecycl Index 2065 R6	Mutual Funds	—	—	$459K	0.5%
TIAA Investments Nuveen Lifecycl Index Ret Inc R	Mutual Funds	—	—	$384K	0.4%
Vanguard Group Vanguard Real Estate Index Adm Fund	Mutual Funds	—	—	$344K	0.4%
INTEREST, COLLATERAL, PAR, OR ( e ) CURRENT ( a ) (b) IDENTITY OF PARTY AND ISSUE MATURITY VALUE ( d ) COST VALUE Vanguard Group Vanguard Hi-Yld Corp Adm Fund	Mutual Funds	—	—	$172K	0.2%
TIAA Investments Nuveen Lifecycl Index 2010 R6	Mutual Funds	—	—	$139K	0.2%
TIAA Investments Nuveen Lifecycl Index 2015 R6	Mutual Funds	—	—	$115K	0.1%
( a ) LESSOR, OR SIMILAR PARTY MATURITY VALUE ( d ) COST VALUE HCNB Cash - Interest Bearing Cash	Cash / Money Market	—	—	$113K	0.1%
(E)	Other securities	—	$6K	$31K	<0.1%
Vanguard Group Vanguard ST BD Index Admiral Fund	Mutual Funds	—	—	$31K	<0.1%
Vanguard Group Vanguard Ttl Intl Bond Idx Adm Fd	Common Collective Trusts	—	—	$6K	<0.1%