Veracode, Inc. 401(k) Review & Grade
Veracode, Inc. 401k Plan
Burlington, MAProfessional, Scientific & Technical Services639 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,255Employer $ per active participant
$11,046Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$51.4MNet plan assets, end of year
$72,897Average balance per account
Score breakdown
- Employer generosity18.6 / 5037th percentile for employer $ per participant
- Low cost12.7 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1568th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 51th |
| Employee saving | 68th |
| Peers that auto-enroll | 48% |
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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 ($567 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Veracode put in about $2,255 per active participant, below the typical peer ($3,082). 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 | $1,441,240 |
| Participant (employee) contributions | $7,058,151 |
| Other contributions (incl. rollovers in) | $1,562,805 |
| Administrative expenses paid from the plan | $104,917 |
| Contract administrator fees | $103,717 |
| Other admin expenses | $1,200 |
| Benefits paid out | $8,505,419 |
| Net assets, start / end of year | $42.6M / $51.4M |
| Active participants, start / end of year | 692 / 586 |
| Participants with account balances | 705 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $104,949 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260121083940NAL0004183539001, received 2026-01-21, EIN 26-0126281, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.