Plan Ledger DOL Form 5500 · updated monthly

Embark Veterinary, Inc.401(k)

EMBARK VETERINARY RETIREMENT PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Embark Veterinary, Inc. reported $21,509 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $5,203 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 rose from 0.18% to 0.27%. 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 Massachusetts (1,972nd of 2,726), and 8,307th of 11,654 in professional & technical services. In 2024, employees put in $3.76 for every $1.00 the employer contributed; active participation has shrunk from 188 to 71 since 2022.

Plan summary
Net assets, end of year$9,041,292
Participants with balances135
Active participants71
Employer contributions$369,390
Employee contributions$1,387,765
Employer contribution per active participant$5,203
Average account balance$66,973
Benefits paid to participants$1,062,202
Plan auditUnmodified (clean) audit opinion
AuditorMCSOLEY MCCOY AND CO.
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 135 accts · $369K emplr
2023$7.1M · 151 accts · $478K emplr
2022$4.2M · 180 accts · $39K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,585
Investment management$296
Total administrative$21,509
The Embark Veterinary, Inc. 401(k) match · 2024
Employer contribution per active participant$5,203
Median for plans this size$1,313
2024$5,203 per active participant
2023$4,350 per active participant
2022$207 per active participant

Embark Veterinary, Inc.'s 2024 employer contribution ran above the $1,313 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.

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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$16,585
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$296

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$21,509 · 0.27%
2023$9,957 · 0.18%
2022Not separately reported
Same employer
Similar plansProfessional & Technical Services · Massachusetts
Vendr Inc. MA$9.3M · 0.90%
Geocomp, Inc. MA$9.1M · 0.01%
Intepros Incorporated MA$9.0M · 0.02%
Catalant Technologies MA$8.9M · 0.30%
Codiak Biosciences, Inc. MA$8.9M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 474663829 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.