Verint Systems Inc. 401(k) Review & Grade
Verint Systems Inc. 401(k) Savings Plan
Melville, NYInformation1,368 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,737Employer $ per active participant
$14,657Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$415.4MNet plan assets, end of year
$188,371Average balance per account
Score breakdown
- Employer generosity14.2 / 5028th percentile for employer $ per participant
- Low cost23.1 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving12.6 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 92th |
| Employee saving | 84th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $12,284 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Verint Systems put in about $1,737 per active participant, below the typical peer ($2,829). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,376,554 |
| Participant (employee) contributions | $20,050,810 |
| Other contributions (incl. rollovers in) | $8,535,340 |
| Administrative expenses paid from the plan | $125,197 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $84,333 |
| Other admin expenses | $15,000 |
| Benefits paid out | $38,694,279 |
| Net assets, start / end of year | $362.0M / $415.4M |
| Active participants, start / end of year | 1,351 / 1,385 |
| Participants with account balances | 2,205 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Boris Benic and Associates LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $84,333 reported compensation |
| Fidelity Investments Institutional | $24,664 reported compensation |
| Curcio Webb | $15,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250724095926NAL0002545955001, received 2025-07-24, EIN 11-3200514, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.