Plan Ledger DOL Form 5500 · updated monthly

Veracode, Inc.401(k)

VERACODE, INC. 401(K) PLAN · BURLINGTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Veracode, Inc. reported $104,917 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $2,459 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 3 years on file its reported administrative ratio has held roughly steady near 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 696th-largest of 2,726 plans among Massachusetts employers on file, and the 2,704th of 11,654 in professional & technical services. In 2024, employees put in $4.90 for every $1.00 the employer contributed; active participation has shrunk from 792 to 586 since 2022.

Plan summary
Net assets, end of year$51,392,438
Participants with balances705
Active participants586
Employer contributions$1,441,240
Employee contributions$7,058,151
Employer contribution per active participant$2,459
Average account balance$72,897
Benefits paid to participants$8,505,419
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$51.4M · 705 accts · $1.4M emplr
2023$42.6M · 735 accts · $1.5M emplr
2022$30.4M · 777 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$103,717
Total administrative$104,917
The Veracode, Inc. 401(k) match · 2024
Employer contribution per active participant$2,459
Median for plans this size$2,416
2024$2,459 per active participant
2023$2,192 per active participant
2022$2,228 per active participant

Veracode, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20241

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$104,917 · 0.22%
2023$77,565 · 0.21%
2022$62,388 · 0.21%
Same employer
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Bitsight Technologies, Inc. MA$52.6M · 0.01%
Radius Health, Inc. MA$52.2M · 0.30%
Engagesmart, Inc. MA$51.8M · 0.24%
Simon Kucher & Partners LLC MA$51.3M · 0.08%
Motus, LLC MA$51.1M · 0.34%
Pearl Meyer & Partners, LLC MA$50.0M · 0.00%
Jobs for the Future, Inc. MA$49.9M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260126281 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.