Employers › Veris Residential
Recordkeeping fees per participant · Veris Residential, Inc. 401(k) Savings/retirement Plan · plan year 2024
$7.58
Higher than 8% of the 5,847 plans $50 to 250M that report it.
= $3,215 / 424
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015160632NAL0010207154001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015160632NAL0010207154001, received 2025-10-15
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-15.
Administrative expenses excluding investment management, per participant
$95.61
Higher than 51% of the 8,758 plans $50 to 250M that report it.
= $40,538 / 424
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015160632NAL0010207154001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015160632NAL0010207154001, received 2025-10-15
Administrative expenses per participant
$175.65
Higher than 65% of the 9,042 plans $50 to 250M that report it.
= $74,476 / 424
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015160632NAL0010207154001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015160632NAL0010207154001, received 2025-10-15
Administrative expenses as a share of assets
0.127%
Higher than 47% of the 9,049 plans $50 to 250M that report it.
= $74,476 / $58,459,124
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015160632NAL0010207154001, received 2025-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015160632NAL0010207154001, received 2025-10-15
Employer contributions per participant
$1,415
Higher than 19% of the 9,105 plans $50 to 250M that report it.
= $600,142 / 424
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015160632NAL0010207154001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015160632NAL0010207154001, received 2025-10-15
Employer share of total contributions
26.1%
Higher than 38% of the 9,112 plans $50 to 250M that report it.
= $600,142 / $2,297,474
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015160632NAL0010207154001, received 2025-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015160632NAL0010207154001, received 2025-10-15
Employer match
“Participants are always 100 percent vested in their pre-tax and post-tax contributions, as well as any matching or profit sharing contributions made on their behalf by the Company.”
Form 10-K filed 2026-02-23, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Vesting
“Participants are always 100 percent vested in their pre-tax and post-tax contributions, as well as any matching or profit sharing contributions made on their behalf by the Company.”
Form 10-K filed 2026-02-23, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015160632NAL0010207154001, received 2025-10-15
| Field | Value | Source |
|---|---|---|
| Plan sponsor | VERIS RESIDENTIAL, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Plan name | VERIS RESIDENTIAL, INC. 401(K) SAVINGS/RETIREMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Sponsor EIN / plan number | 22-3305147 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Sponsor location | JERSEY CITY, NJ | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Industry (business code) | 531320, Real estate and rental and leasing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Filing received | 2025-10-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Participants, beginning of year | 463 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Active participants | 185 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Participants, end of year | 442 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Participants with an account balance | 424 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Total assets, beginning of year | $53,920,738 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Total assets, end of year | $58,459,124 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Net assets, end of year | $58,459,124 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Total income | $10,742,815 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Net income | $4,538,386 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Employer contributions | $600,142 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Participant contributions | $1,686,748 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Other contributions (incl. rollovers) | $10,584 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Total contributions | $2,297,474 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Benefit payments | $6,129,953 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Total expenses (incl. benefit payments) | $6,204,429 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Total administrative expenses | $74,476 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Contract administrator fees | $20,354 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Recordkeeping fees | $3,215 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Investment advisory and management fees | $33,938 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Administrative expenses excluding investment management | $40,538 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Held in mutual funds | $53,773,412 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251015160632NAL0010207154001, received 2025-10-15 |
| Independent auditor | CBIZ CPAS P.C. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251015160632NAL0010207154001, received 2025-10-15 |
Position = column in the DOL layout for form year 2024. Filing 20251015160632NAL0010207154001, received 2025-10-15.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PNC INSTITUTIONAL ASSET MANAGEMENT | ADVISOR | 27 Investment advisory (plan) | $33,938 | no |
| NEWPORT GROUP, INC.recordkeeper | RECORD-KEEPER | 15 Recordkeeping and information management | $23,569 | yes |
| NEWPORT TRUST COMPANY | TRUSTEE | 21 Trustee (bank, trust company or similar) | $16,969 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251015160632NAL0010207154001, received 2025-10-15.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $53,920,738 | $58,459,124 | 8.4% |
| Participants with a balance | 444 | 424 | -4.5% |
| Administrative expenses | $64,915 | $74,476 | 14.7% |
| Recordkeeping fees per participant | $6.74 | $7.58 | 12.6% |
| Employer contributions | $558,094 | $600,142 | 7.5% |
Prior filing 20241015141932NAL0014819635001, received 2024-10-15; the plan years are contiguous.
Sponsor name as filed: VERIS RESIDENTIAL, INC.; SEC registrant: Veris Residential, Inc. (CIK 924901, matched by EIN; display name from the Form 10-K cover).