Plan Ledger DOL Form 5500 · updated monthly

Veeva Systems Inc.401(k)

VEEVA SYSTEMS INC. 401(K) PLAN · PLEASANTON, CA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Veeva Systems Inc. reported $174,040 in plan administrative expenses for 2024: 0.04% of average plan assets, below the peer median. Employer contributions averaged $1,994 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 0.02% to 0.04%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 284th-largest of 9,483 plans among California employers on file, and the 383rd of 11,654 in professional & technical services. In 2024, employees put in $6.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$460,907,665
Participants with balances4,577
Active participants3,977
Employer contributions$7,929,750
Employee contributions$54,771,433
Employer contribution per active participant$1,994
Average account balance$100,701
Benefits paid to participants$25,384,643
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$460.9M · 4,577 accts · $7.9M emplr
2023$351.2M · 4,334 accts · $7.6M emplr
2022$245.3M · 3,838 accts · $6.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$73,759
Investment management$100,281
Total administrative$174,040
The Veeva Systems Inc. 401(k) match · 2024
Employer contribution per active participant$1,994
Median for plans this size$4,294
2024$1,994 per active participant
2023$1,928 per active participant
2022$1,840 per active participant

Veeva Systems Inc.'s 2024 employer contribution ran below the $4,294 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$73,759
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$70,281
CONTINUUM ADVISORY LLC · Investment advisory (plan)$30,000

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$174,040 · 0.04%
2023$57,506 · 0.02%
2022$52,083 · 0.02%
Same employer
Similar plansProfessional & Technical Services · California
Guidewire Software CA$483.4M · 0.07%
Korn Ferry CA$478.2M · 0.17%
Ghd Inc. CA$476.8M
NV5, Inc. CA$464.3M · 0.12%
Proofpoint, Inc CA$438.2M
Loeb & Loeb LLP CA$438.1M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208235463 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.