Plan Ledger DOL Form 5500 · updated monthly

Veeco Instruments Inc.401(k)

VEECO INSTRUMENTS SAVINGS AND SECURITY PROGRAM PLAN · PLAINVIEW, NY · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Veeco Instruments Inc. reported $149,278 in plan administrative expenses for 2024: 0.05% of average plan assets, below the peer median. Employer contributions averaged $3,739 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 rose from 0.04% to 0.05%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 331st-largest of 5,648 plans among New York employers on file, and the 822nd of 13,661 in manufacturing. In 2024, employees put in $4.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$317,215,392
Participants with balances1,403
Active participants888
Employer contributions$3,320,671
Employee contributions$13,589,345
Employer contribution per active participant$3,739
Average account balance$226,098
Benefits paid to participants$20,336,275
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$317.2M · 1,403 accts · $3.3M emplr
2023$277.1M · 1,402 accts · $3.3M emplr
2022$236.4M · 1,448 accts · $3.2M emplr
The Veeco Instruments Inc. 401(k) match · 2024
Employer contribution per active participant$3,739
Median for plans this size$4,294
2024$3,739 per active participant
2023$3,741 per active participant
2022$3,549 per active participant

Veeco Instruments Inc.'s 2024 employer contribution ran below the $4,294 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
CAPFINANCIAL PARTNERS, LLC. · Consulting$41,752
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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

Administrative cost history3
2024$149,278 · 0.05%
2023$128,406 · 0.05%
2022$103,880 · 0.04%
Same employer
Similar plansManufacturing · New York
Carl Zeiss, Inc. NY$360.6M · 0.01%
Astronics Corporation NY$325.3M · 0.09%
Toyota Tsusho America, Inc. NY$306.6M · 0.08%
Seneca Foods Corporation NY$297.5M · 0.34%
Steel Services LTD NY$287.4M · 0.07%
Amneal Pharmaceuticals LLC NY$278.5M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112989601 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.