Plan Ledger DOL Form 5500 · updated monthly

Verkada, Inc.401(k)

VERKADA 401(K) PLAN · SAN MATEO, CA · plan year 2024

Reported admin expense ratio · 2024
0.12%

Verkada, Inc. reported $49,806 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. 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 0.27% to 0.12%. 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 1,687th-largest of 9,483 plans among California employers on file, and the 2,626th of 11,654 in professional & technical services. active participation has grown from 1,339 to 1,735 since 2022.

Plan summary
Net assets, end of year$53,398,000
Participants with balances1,622
Active participants1,735
Employer contributions—
Employee contributions$14,816,359
Employer contribution per active participant—
Average account balance$32,921
Benefits paid to participants$3,844,366
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$53.4M · 1,622 accts
2023$31.5M · 1,082 accts
2022$17.2M · 764 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,260
Investment management$30,000
Total administrative$49,806
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
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$17,260
WORLD INVESTMENT ADVISORS · 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.

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$49,806 · 0.12%
2023$40,934 · 0.17%
2022$37,691 · 0.27%
Same employer
Similar plansProfessional & Technical Services · California
Neudesic, LLC CA$54.0M · 0.42%
Sigma Defense Systems, LLC CA$53.9M · 0.21%
Lyra Health, Inc. CA$53.8M · 0.03%
Ware Malcomb CA$53.7M · 0.34%
Gehry Partners, LLP CA$53.2M · 0.00%
Donahue Fitzgerald LLP CA$52.9M · 0.15%
Severson & Werson CA$52.7M · 0.22%
Higgs, Fletcher & Mack, LLP CA$52.5M · 0.06%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 813505155 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.