Aveva Inc. 401(k) Review & Grade
Aveva Inc. 401(k) Plan
Houston, TXRetail Trade1,306 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$9,989Employer $ per active participant
$18,671Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$485.9MNet plan assets, end of year
$210,716Average balance per account
Score breakdown
- Employer generosity50.0 / 50100th percentile for employer $ per participant
- Low cost21.7 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving15.0 / 15100th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score87 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 100th |
| Lower admin cost | 87th |
| Employee saving | 100th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $17,337 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Aveva put in about $9,989 per active participant, more than the typical peer ($743). 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.
- 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 | $13,045,754 |
| Participant (employee) contributions | $24,384,358 |
| Other contributions (incl. rollovers in) | $2,270,948 |
| Administrative expenses paid from the plan | $167,538 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $49,093 |
| Other admin expenses | $39,583 |
| Benefits paid out | $26,668,633 |
| Net assets, start / end of year | $165.2M / $485.9M |
| Active participants, start / end of year | 921 / 1,691 |
| Participants with account balances | 2,306 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Withumsmith Brown P.C. |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $49,093 reported compensation |
| Fidelity Investments Institutional | $48,450 reported compensation |
| Silicon Valley Accountancy Corpora | $41,688 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014103630NAL0002645233001, received 2025-10-14, EIN 06-1136974, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.