Plan Ledger DOL Form 5500 · updated monthly

Covetrus, Inc.401(k)

COVETRUS 401(K) RETIREMENT SAVINGS PLAN · DUBLIN, OH · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Covetrus, Inc. reported $371,331 in plan administrative expenses for 2024: 0.13% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,365 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 3 years on file its reported administrative ratio has held roughly steady near 0.132%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other wholesale trade employers. By assets it is the 158th-largest of 3,295 plans among Ohio employers on file, and the 161st of 4,246 in wholesale trade. In 2024, employees put in $2.30 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$289,625,440
Participants with balances3,744
Active participants2,661
Employer contributions$8,955,197
Employee contributions$20,639,170
Employer contribution per active participant$3,365
Average account balance$77,357
Benefits paid to participants$60,583,059
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$289.6M · 3,744 accts · $9.0M emplr
2023$274.7M · 3,923 accts · $9.1M emplr
2022$232.9M · 3,816 accts · $9.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$231,202
Investment management$27,562
Audit (IQPA)$33,000
Total administrative$371,331
The Covetrus, Inc. 401(k) match · 2024
Employer contribution per active participant$3,365
Median for plans this size$4,294
2024$3,365 per active participant
2023$3,070 per active participant
2022$3,102 per active participant

Covetrus, Inc.'s 2024 employer contribution ran below the $4,294 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 · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$231,619
COOK STREET CONSULTING INC · Consulting$79,567
BDO US LLP · Accounting / audit$33,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$27,562

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

Administrative cost history3
2024$371,331 · 0.13%
2023$327,266 · 0.13%
2022$341,166 · 0.13%
Same employer
Similar plansWholesale Trade · Ohio
Cardinal Health, Inc. OH$4.8B · 0.05%
Dealer Tire LLC OH$419.4M · 0.16%
The Andersons, Inc. OH$368.4M · 0.10%
Dealer Tire LLC OH$274.7M · 0.16%
The Hillman Group, Inc. OH$191.0M · 0.14%
Reladyne LLC OH$173.0M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 831448706 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.