401(k) · DOL Form 5500 · 2023

Veit & Company, Inc. 401(k) Plan

Data updated 2026-08-25

$62M
Total assets Below avg plan size
760
Participants Near avg headcount
88th
Percentile by assets National rank
$82,048
Avg per participant Below avg balance/head
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Official DOL plan name: Veit 401(k) Plan · Sponsored by Veit & Company, Inc. · Minnesota · Construction

$62M in assets, 760 participants

Veit & Company, Inc.'s Veit 401(k) Plan reported $62M in total assets and 760 participants in its 2023 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.

  • #7,733 in Construction (9,030 peers)

Where Veit 401(k) Plan sits by assets

Veit 401(k) Plan sits in the top quartile of all filed plans by assets, $62M for 760 participants (~$82,048/participant), up 22.9% in 2023.

#7,733
in Construction (9,030 peers)
+22.9%
assets growth YoY
0.6×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$62,356,315 Top 12% higher than 88% of 127,068 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 2023

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

Plan-year 2023 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 (760 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Veit 401(k) Plan reported net income rose from -$7M in the plan year 2022 filing to $12M in the plan year 2023 filing.
  • Veit 401(k) Plan end-of-year assets rose from $51M in the plan year 2022 filing to $62M in the plan year 2023 filing.
  • Veit 401(k) Plan reported participants rose from 658 in the plan year 2022 filing to 760 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 410840260 · Veit & Company, Inc. PY 2023 · 401(k)

Veit 401(k) Plan · $62M · 760 · 88th

  • PCT $62M
  • EIN 760
  • RANK 88th
  • PHOTO 401(k)
  • IND near Coats, Rose, Yale, Ryman & Lee, P.C. Salary Deferral & Profit Sharing Plan and Trust
  • EOY ind #7733

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

Co-Op 401(k) Plan$62MEdens Realty, Inc. 401(k) PlanEdens Realty, Inc. 401(k) Pl…$62MVinson Process Controls 401(k) PlanVinson Process Controls 401(…$62MVeit 401(k) Plan$62MCoats, Rose, Yale, Ryman & Lee, P.C. Salary Deferral & Profit Sharing Plan and TrustCoats, Rose, Yale, Ryman & L…$62M
End-of-year total assets ($M) among Veit 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$51M
Net Assets (End of Year)$62M
Net Income$12M
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 -50510152025 Total assets ($B) Participants Veit 401(k) Plan, Total assets ($B): 0.062356315 · Participants: 760Veit 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.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 Coats, Rose, Yale, Ryman & Lee, P.C. Salary Deferral & Profit Sharing Plan and Trust in TX ($62M); by covered participants it is Clarins USA, Inc. 401(k) Plan in NY (760 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (760 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Veit 401(k) Plan grew sharply - up 22.9% during 2023, from $51M to $62M. Reported net income was $12M.
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 127,072 plans that reported assets for plan year 2023 (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 Coats, Rose, Yale, Ryman & Lee, P.C. Salary Deferral & Profit Sharing Plan and Trust in TX ($62M, 112 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 Clarins USA, Inc. 401(k) Plan in NY (760 participants, $44M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.