Plan Ledger DOL Form 5500 · updated monthly

Bond Veterinary, Inc401(k)

BOND VET 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.42%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Bond Veterinary, Inc reported $16,733 in plan administrative expenses for 2024: 0.42% of average plan assets, below the peer median. Employer contributions averaged $804 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio fell from 0.70% to 0.42%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in New York (4,566th of 5,648), and 1,491st of 2,534 in administrative & support services. In 2024, employees put in $3.50 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,564,817
Participants with balances190
Active participants314
Employer contributions$252,472
Employee contributions$883,515
Employer contribution per active participant$804
Average account balance$24,025
Benefits paid to participants$623,416
Plan auditUnmodified (clean) audit opinion
AuditorPENDING CPA
Plan history2
Yearassets · accounts · employer contribution
2024$4.6M · 190 accts · $252K emplr
2023$3.3M · 153 accts · $338K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,830
Investment management$6,903
Total administrative$16,733
The Bond Veterinary, Inc 401(k) match · 2024
Employer contribution per active participant$804
Median for plans this size$1,313
2024$804 per active participant
2023$1,301 per active participant

Bond Veterinary, Inc's 2024 employer contribution ran below the $1,313 median for plans its size. 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
BETTERMENT FOR BUSINESS, LLC · Investment advisory (plan)$16,733

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2024$16,733 · 0.42%
2023$15,964 · 0.70%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 832651165 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.