Commvault Systems, Inc. 401(k) Review & Grade
Commvault Systems, Inc. 401k Plan
Tinton Falls, NJInformation1,221 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,199Employer $ per active participant
$15,883Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$290.1MNet plan assets, end of year
$168,732Average balance per account
Score breakdown
- Employer generosity18.1 / 5036th percentile for employer $ per participant
- Low cost24.4 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving13.5 / 1590th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 98th |
| Employee saving | 90th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $17,828 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Commvault Systems put in about $2,199 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.
- 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 | $2,684,470 |
| Participant (employee) contributions | $19,393,700 |
| Other contributions (incl. rollovers in) | $6,684,197 |
| Administrative expenses paid from the plan | $28,340 |
| Benefits paid out | $23,438,287 |
| Net assets, start / end of year | $242.9M / $290.1M |
| Active participants, start / end of year | 1,201 / 1,241 |
| Participants with account balances | 1,719 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Withum Smith & Brown PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $28,340 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930095145NAL0029027762001, received 2025-09-30, EIN 22-3447504, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.