Plan Ledger DOL Form 5500 · updated monthly

Best Friends Pet Care Holdings, Inc.ESOP

BEST FRIENDS PET CARE HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · NORWALK, CT · plan year 2024

Employer contribution per participant · 2024
$5,760

Best Friends Pet Care Holdings, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held -$4,686,455 across 189 participant accounts, with employer contributions averaging $5,760 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other retail trade employers. active participation has grown from 123 to 154 since 2022.

Plan summary
Net assets, end of year-$4,686,455
Participants with balances189
Active participants154
Employer contributions$887,089
Employee contributions—
Employer contribution per active participant$5,760
Average account balance-$24,796
Benefits paid to participants$7,245
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$-4.7M · 189 accts · $887K emplr
2023$-7.3M · 165 accts · $2.6M emplr
2022$-11.2M · 155 accts · $1.2M emplr
Employer contributions to the Best Friends Pet Care Holdings, Inc. plan · 2024
Employer contribution per active participant$5,760
Median for plans this size$540
2024$5,760 per active participant
2023$16,616 per active participant
2022$9,503 per active participant

Best Friends Pet Care Holdings, Inc.'s 2024 employer contribution ran above the $540 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported

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Source: U.S. Department of Labor, Form 5500 series, EIN 832710652 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.