401(k) · DOL Form 5500 · 2023

Verkada, Inc. 401(k) Plan

Data updated 2026-08-25

$32M
Total assets Below avg plan size
1,372
Participants Near avg headcount
80th
Percentile by assets National rank
$22,976
Avg per participant Low balance/head
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Official DOL plan name: Verkada 401(k) Plan · Sponsored by Verkada, Inc. · California · Professional & Technical Services

$32M in assets, 1,372 participants

Verkada, Inc.'s Verkada 401(k) Plan reported $32M in total assets and 1,372 participants in its 2023 DOL Form 5500 filing, ranking in the 80th 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.

  • #16,356 in Professional & Technical Services (20,321 peers)

Coverage in California

Verkada 401(k) Plan covers 1,372 participants in California, 2.2x the typical California plan (state average ~630 per filing). Assets: $32M.

#16,356
in Professional & Technical Services (20,321 peers)
+83.2%
assets growth YoY
0.3×
vs typical plan assets (national mean)

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

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

End-of-year total assets · plan year 2023 · DOL Form 5500

$31,523,683 Top 20% higher than 80% 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

Verkada 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Verkada 401(k) Plan lands in the large band (1,372 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Verkada 401(k) Plan reported net income rose from $6M in the plan year 2022 filing to $14M in the plan year 2023 filing.
  • Verkada 401(k) Plan end-of-year assets rose from $17M in the plan year 2022 filing to $32M in the plan year 2023 filing.
  • Verkada 401(k) Plan reported participants rose from 869 in the plan year 2022 filing to 1,372 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 813505155 · Verkada, Inc. PY 2023 · 401(k)

Verkada 401(k) Plan · $32M · 1,372 · 80th

  • 5500 $32M
  • 5500 1,372
  • 5500 80th
  • 5500 401(k)
  • 5500 near Meadville Forging Company Profit Sharing Retirement and Savings
  • 5500 ind #16356

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 Professional & Technical Services retirement plans → · Plans in California →

Verkada 401(k) Plan in the asset neighbourhood

Pccw Global, Inc. 401(k) Plan$32MVerkada 401(k) Plan$32MMeadville Forging Company Profit Sharing Retirement and SavingsMeadville Forging Company Pr…$32MNephrology Associates, P.C. Retirement PlanNephrology Associates, P.C. …$32MThe Leona Group, LLC Employee Deferred Compensation PlanThe Leona Group, LLC Employe…$32M
End-of-year total assets ($M) among Verkada 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$17M
Net Assets (End of Year)$32M
Net Income$14M
Employer EIN813505155
Plan Effective Date2019-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Verkada, Inc.)

Sponsor-wide plan assets over time

All Verkada, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$53M 210.3343344218301% vs 2022
2024 filing year
$0M$20M$40M$60M 202220232024 $17.2M $53.4M ▲ +210.3%
Year Plans Participants Total Assets
2022 1 869 $17M
2023 1 1,372 $32M
2024 1 1,660 $53M

Nearby 401(k) Plans in California

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

Verkada 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Verkada 401(k) Plan, Total assets ($B): 0.031523683 · Participants: 1372Verkada 401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 51.831350351 · Participants: 193919Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 39.047152408 · Participants: 122867Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 26.320437734 · Participants: 63105Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 22.17918189 · Participants: 59863Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 19.779511539 · Participants: 106111Apple 401(k) Plan
Verkada 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Verkada 401(k) Plan side-by-side with 3 peers →

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

Outside California, the nearest 401(k) by assets is Meadville Forging Company Profit Sharing Retirement and Savings in IL ($32M); by covered participants it is Basf Corporation Bargaining Unit Savings Plan in NJ (1,372 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,372 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 Verkada 401(k) Plan assets move in 2023? ▼
Verkada 401(k) Plan surged - up 83.2% during 2023, from $17M to $32M. Reported net income was $14M.
How have Verkada, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Verkada, Inc.'s sponsor-wide assets grew 210.3%, from $17M to $53M.
Where does Verkada 401(k) Plan rank by assets among Form 5500 filers? ▼
Verkada 401(k) Plan ranks in the 80th 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 Verkada 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Meadville Forging Company Profit Sharing Retirement and Savings in IL ($32M, 138 participants).
Which 401(k) plans cover a similar participant headcount to Verkada 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Basf Corporation Bargaining Unit Savings Plan in NJ (1,372 participants, $311M 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 813505155.

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.