401(k) · DOL Form 5500 · 2022

Veit & Company, Inc. 401(k) Plan

Data updated 2026-08-25

$51M
Total assets Below avg plan size
658
Participants Below avg headcount
88th
Percentile by assets National rank
$77,080
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Veit 401(k) Plan · Sponsored by Veit & Company, Inc. · Minnesota · Construction

$51M in assets, 658 participants

Veit & Company, Inc.'s Veit 401(k) Plan reported $51M in total assets and 658 participants in its 2022 DOL Form 5500 filing, ranking in the 88th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #8,585 in Construction (9,927 peers)

Where Veit 401(k) Plan sits by assets

Veit 401(k) Plan sits in the top quartile of all filed plans by assets, $51M for 658 participants (~$77,080/participant), down 11.0% in 2022.

#8,585
in Construction (9,927 peers)
-11.0%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $7M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Veit 401(k) Plan's outsized position by total assets

Veit 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$50,718,574 Top 12% higher than 88% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Veit 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Veit 401(k) Plan sits mid-pack in the medium band (658 participants).

Published 5500 schedule card

Filing strip 410840260 · Veit & Company, Inc. PY 2022 · 401(k)

Veit 401(k) Plan · $51M · 658 · 88th

  • 5500 $51M
  • ASSETS 658
  • PCT 88th
  • EIN 401(k)
  • RANK near Hubbell Roth & Clark, Inc. 401(k) Plan
  • PHOTO ind #8585

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Construction retirement plans → · Plans in Minnesota →

Veit 401(k) Plan in the asset neighbourhood

Causeway Capital Management LLC 401(k) and Profit Sharing PlanCauseway Capital Management …$51MDes Architects + Engineers 401(k) Profit Sharing PlanDes Architects + Engineers 4…$51MVeit 401(k) Plan$51MPeninsula Hotels 401(k) Plan$51MHubbell Roth & Clark, Inc. 401(k) PlanHubbell Roth & Clark, Inc. 4…$51M
End-of-year total assets ($M) among Veit 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$57M
Net Assets (End of Year)$51M
Net Income-$7M
Employer EIN410840260
Plan Effective Date1993-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Veit & Company, Inc.)

Sponsor-wide plan assets over time

All Veit & Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$73M 44.45247810003491% vs 2022
2024 filing year
$40M$50M$60M$70M$80M 202220232024 $50.7M $73.3M ▲ +44.4%
Year Plans Participants Total Assets
2022 1 658 $51M
2023 1 760 $62M
2024 1 833 $73M

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Veit 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Veit 401(k) Plan, Total assets ($B): 0.050718574 · Participants: 658Veit 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Target Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings Plan
Veit 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Veit 401(k) Plan side-by-side with 3 peers →

Veit 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Hubbell Roth & Clark, Inc. 401(k) Plan in MI ($51M); by covered participants it is El Dorado Furniture 401(k) Plan in FL (658 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (658 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Veit 401(k) Plan assets move in 2022? ▼
Veit 401(k) Plan pulled back noticeably - down 11.0% during 2022, from $57M to $51M. Reported net income was -$7M.
How have Veit & Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Veit & Company, Inc.'s sponsor-wide assets grew 44.5%, from $51M to $73M.
Where does Veit 401(k) Plan rank by assets among Form 5500 filers? ▼
Veit 401(k) Plan ranks in the 88th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Veit 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Hubbell Roth & Clark, Inc. 401(k) Plan in MI ($51M, 234 participants).
Which 401(k) plans cover a similar participant headcount to Veit 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is El Dorado Furniture 401(k) Plan in FL (658 participants, $20M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410840260.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.