Plan Ledger DOL Form 5500 · updated monthly

Veev Operations, LLC401(k)

VEEV 401(K) RETIREMENT PLAN · HAYWARD, CA · plan year 2022

Reported admin expense ratio · 2022
0.51%

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

Veev Operations, LLC reported $13,544 in plan administrative expenses for 2022: 0.51% of average plan assets, above the peer median. Employer contributions averaged $0 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in California (7,837th of 9,483), and 4,523rd of 5,337 in construction.

Plan summary
Net assets, end of year$3,016,837
Participants with balances303
Active participants241
Employer contributions$0
Employee contributions$1,265,153
Employer contribution per active participant$0
Average account balance$9,957
Benefits paid to participants$549,750
Plan auditUnmodified (clean) audit opinion
AuditorSILICON VALLEY ACCOUNTANCY CORPORAT
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$1,831
Investment management$11,713
Total administrative$13,544
The Veev Operations, LLC 401(k) match · 2022
Employer contribution per active participant$0
Median for plans this size$1,114

Veev Operations, LLC's 2022 employer contribution ran below the $1,114 median for plans its size, in the bottom quarter of its peers. 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$13,544 · 0.51%
Same employer
Similar plansConstruction · California
Kernen Construction CA$3.1M · 1.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 352605842 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.