Veralto Corporation 401(k) Review & Grade
Veralto Corporation & Subsidiaries Savings Plan
Waltham, MAManufacturing5,386 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,285Employer $ per active participant
$10,325Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$1.2BNet plan assets, end of year
$202,285Average balance per account
Score breakdown
- Employer generosity43.2 / 5086th percentile for employer $ per participant
- Low cost18.3 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 73th |
| Employee saving | 82th |
| Peers that auto-enroll | 70% |
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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
- Veralto put in about $7,285 per active participant, more than the typical peer ($3,452). 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.
- 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 | $39,236,747 |
| Participant (employee) contributions | $55,612,440 |
| Other contributions (incl. rollovers in) | $9,774,928 |
| Administrative expenses paid from the plan | $661,063 |
| Other admin expenses | $661,063 |
| Benefits paid out | $99,765,111 |
| Net assets, start / end of year | $1.0B / $1.2B |
| Active participants, start / end of year | 5,264 / 5,508 |
| Participants with account balances | 5,837 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young |
| Employer stock held by plan | $35,736,721 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $284,004 reported compensation |
| Strategic Advisors, Inc. | $280,214 reported compensation |
| RV Kuhns & Associates, Inc. | $95,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260520121023NAL0003295042001, received 2026-05-20, EIN 92-1941413, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.