Veris Residential 401(k) match, vesting and fees
What Veris Residential's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Newport Group, Inc. | Schedule C ↗ |
| Independent auditor | Cbiz Cpas P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,379 defined-contribution plans in real estate and rental and leasing with 100 to 499 participants.
| Veris Residential: employer contribution per participant | $1,415 | |
| Peer median | $1,680 |
| Veris Residential: average balance | $137,875 | |
| Peer median | $52,722 |
| Veris Residential: admin expenses ÷ assets | 0.13% | |
| Peer median | 0.39% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $65.5M at the end of plan year 2021 to $58.5M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 442 | $58.5M | $600K | $1,415 | 0.13% | Not published | Form 5500 ↗ |
| 2023 | 463 | $53.9M | $558K | $1,257 | 0.13% | Not published | Form 5500 ↗ |
| 2022 | 491 | $48M | $545K | $1,146 | 0.14% | Not published | Form 5500 ↗ |
| 2021 | 550 | $65.5M | $769K | $1,445 | 0.20% | Not published | Form 5500 ↗ |
Common questions
Does Veris Residential match 401(k) contributions?
The match terms for the Veris Residential, Inc. 401(k) Savings/Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $600K in employer contributions, about $1,415 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Veris Residential 401(k) match vested?
The vesting schedule for the Veris Residential, Inc. 401(k) Savings/Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Veris Residential 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Newport Group, Inc.. The plan administrator is Veris Residential, Inc..
I left Veris Residential. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Veris Residential, Inc., (732) 590-1000) or the recordkeeper, Newport Group, Inc.. The Veris Residential old 401(k) page lists the contacts from every plan filing. Find an old Veris Residential 401(k)
Data from the public Form 5500 annual reports Veris Residential filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Veris Residential. Not financial advice. Report a correction · Methodology