Veeva Systems Inc. 401(k) Review & Grade
Veeva Systems Inc. 401(k) Plan
Pleasanton, CAProfessional, Scientific & Technical Services3,968 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,998Employer $ per active participant
$13,803Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$460.9MNet plan assets, end of year
$100,701Average balance per account
Score breakdown
- Employer generosity17.8 / 5036th percentile for employer $ per participant
- Low cost20.5 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving11.9 / 1579th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 82th |
| Employee saving | 79th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($3,548 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $18,264 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Veeva Systems put in about $1,998 per active participant, below the typical peer ($2,951). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $7,929,750 |
| Participant (employee) contributions | $54,771,433 |
| Other contributions (incl. rollovers in) | $12,077,937 |
| Administrative expenses paid from the plan | $174,040 |
| Investment advisory & management fees | $100,281 |
| Benefits paid out | $25,384,643 |
| Net assets, start / end of year | $351.2M / $460.9M |
| Active participants, start / end of year | 3,959 / 3,977 |
| Participants with account balances | 4,577 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Armanino LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $73,759 reported compensation |
| Strategic Advisors, Inc. | $70,281 reported compensation |
| Continuum Advisory LLC | $30,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250818095158NAL0000564195001, received 2025-08-18, EIN 20-8235463, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.