Plan Ledger DOL Form 5500 · updated monthly

Veeam Software Corporation401(k)

VEEAM SOFTWARE CORPORATION 401(K) PLAN · KIRKLAND SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.02%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Veeam Software Corporation reported $32,036 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,026 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.021% to 0.018%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 109th-largest of 1,714 plans among Washington employers on file, and the 835th of 11,654 in professional & technical services. In 2024, employees put in $2.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$191,363,051
Participants with balances2,018
Active participants1,530
Employer contributions$7,689,960
Employee contributions$20,663,820
Employer contribution per active participant$5,026
Average account balance$94,828
Benefits paid to participants$20,659,013
Plan auditUnmodified (clean) audit opinion
AuditorMCCURDY & ASSOCIATES, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$191.4M · 2,018 accts · $7.7M emplr
2023$156.3M · 2,009 accts · $8.5M emplr
2022$110.6M · 1,941 accts · $7.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,036
Total administrative$32,036
The Veeam Software Corporation 401(k) match · 2024
Employer contribution per active participant$5,026
Median for plans this size$3,635
2024$5,026 per active participant
2023$5,588 per active participant
2022$5,001 per active participant

Veeam Software Corporation's 2024 employer contribution ran above the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
ADP, INC. · Loan processing · Recordkeeping$32,036
ADP BROKER-DEALERindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$32,036 · 0.02%
2023$24,266 · 0.02%
2022$23,189 · 0.02%
Same employer
Similar plansProfessional & Technical Services · Washington
Bungie, Inc. WA$228.5M · 0.00%
Kpff, Inc. WA$219.6M · 0.10%
Coffman Engineers, Inc. WA$207.1M · 0.01%
Nbbj Design WA$193.8M · 0.03%
Zoominfo Technologies LLC WA$188.4M · 0.25%
Parametrix, Inc. WA$159.2M · 0.06%
Insitu, Inc. WA$158.4M · 0.12%
Point B, Inc. WA$152.2M · 0.04%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 260530135 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.