Veracyte, Inc. 401(k) Review & Grade
Veracyte, Inc. 401(k) Plan
South San Francisco, CAHealth Care & Social Assistance573 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,883Employer $ per active participant
$13,104Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$58.6MNet plan assets, end of year
$81,317Average balance per account
Score breakdown
- Employer generosity40.9 / 5082th percentile for employer $ per participant
- Low cost20.7 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving14.8 / 1599th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 83th |
| Employee saving | 99th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $752 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Veracyte put in about $2,883 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- 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 | $1,651,911 |
| Participant (employee) contributions | $7,508,867 |
| Other contributions (incl. rollovers in) | $992,293 |
| Administrative expenses paid from the plan | $34,332 |
| Investment advisory & management fees | $24,131 |
| Benefits paid out | $5,710,199 |
| Net assets, start / end of year | $46.9M / $58.6M |
| Active participants, start / end of year | 538 / 608 |
| Participants with account balances | 721 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | BPM LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $24,131 reported compensation |
| Fidelity Investments Institutional | $10,201 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014162708NAL0003282801001, received 2025-10-14, EIN 20-5455398, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.