Veritiv Operating Company 401(k) Review & Grade
Veritiv Retirement Savings Plan
Atlanta, GAWholesale Trade3,638 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,223Employer $ per active participant
$9,618Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$1.3BNet plan assets, end of year
$230,630Average balance per account
Score breakdown
- Employer generosity38.2 / 5076th percentile for employer $ per participant
- Low cost21.6 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving14.1 / 1594th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 2,500–9,999 active participants (103 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 86th |
| Employee saving | 94th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Veritiv Operating put in about $4,223 per active participant, more than the typical peer ($2,459). 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 | $15,361,271 |
| Participant (employee) contributions | $34,984,471 |
| Other contributions (incl. rollovers in) | $6,186,103 |
| Administrative expenses paid from the plan | $462,221 |
| Other admin expenses | $462,221 |
| Benefits paid out | $153,329,133 |
| Net assets, start / end of year | $1.2B / $1.3B |
| Active participants, start / end of year | 3,644 / 3,631 |
| Participants with account balances | 5,547 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bennett Thrasher PC |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $278,849 reported compensation |
| Aon | $74,900 reported compensation |
| Vanguard Advisers Inc. | $55,452 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260203155037NAL0003028672001, received 2026-02-03, EIN 13-5369500, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.