Plan Ledger DOL Form 5500 · updated monthly

Care First Animal Hospital401(k)

CARE FIRST ANIMAL HOSPITAL 401(K) PROFIT SHARING PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Care First Animal Hospital reported $44,627 in plan administrative expenses for 2024: 0.52% of average plan assets, below the peer median. Employer contributions averaged $1,287 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 2 years on file its reported administrative ratio fell from 0.98% to 0.52%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in North Carolina (1,163rd of 2,005), and 8,273rd of 11,654 in professional & technical services. In 2024, employees put in $1.68 for every $1.00 the employer contributed; active participation has grown from 121 to 183 since 2022.

Plan summary
Net assets, end of year$9,158,546
Participants with balances203
Active participants183
Employer contributions$235,447
Employee contributions$395,635
Employer contribution per active participant$1,287
Average account balance$45,116
Benefits paid to participants$234,135
Plan auditUnmodified (clean) audit opinion
AuditorPERKINS LUND COLLAR & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$9.2M · 203 accts · $235K emplr
2023$7.8M · 193 accts · $223K emplr
2022$6.3M · 182 accts · $207K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,441
Investment management$42,186
Total administrative$44,627
The Care First Animal Hospital 401(k) match · 2024
Employer contribution per active participant$1,287
Median for plans this size$1,313
2024$1,287 per active participant
2023$1,231 per active participant
2022$1,712 per active participant

Care First Animal Hospital'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 · 20243
RAYMOND JAMES · Recordkeeping · Trustee$42,186
ADP, INC. · Loan processing · Recordkeeping$2,440
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Raymond James
2023ADP, Raymond James

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$44,627 · 0.52%
2023$70,748 · 1.00%
2022$70,255 · 0.98%
Similar plansProfessional & Technical Services · North Carolina
Epsilon, Inc. NC$9.7M · 0.68%
Drake Enterprises, LTD NC$9.5M · 0.48%
Bridgetower Opco LLC NC$9.1M · 0.98%
Netsertive, Inc. NC$9.1M · 0.45%
Mycomputercareer, Inc NC$8.8M · 0.85%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208928595 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.