Plan Ledger DOL Form 5500 · updated monthly

Heartland Veterinary Partners401(k)

HEARTLAND VETERINARY PARTNERS 401(K) PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Heartland Veterinary Partners reported $84,332 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $272 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 rose from 0.07% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,230th-largest of 3,702 plans among Illinois employers on file, and the 3,842nd of 11,654 in professional & technical services. In 2024, employees put in $9.11 for every $1.00 the employer contributed; active participation has grown from 3,078 to 3,403 since 2022.

Plan summary
Net assets, end of year$33,284,144
Participants with balances1,363
Active participants3,403
Employer contributions$924,589
Employee contributions$8,419,608
Employer contribution per active participant$272
Average account balance$24,420
Benefits paid to participants$2,799,387
Plan auditUnmodified (clean) audit opinion
AuditorFGMK, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$33.3M · 1,363 accts · $925K emplr
2023$21.4M · 1,141 accts · $713K emplr
2022$10.7M · 794 accts · $472K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$81,137
Investment management$3,195
Total administrative$84,332
The Heartland Veterinary Partners 401(k) match · 2024
Employer contribution per active participant$272
Median for plans this size$2,416
2024$272 per active participant
2023$234 per active participant
2022$153 per active participant

Heartland Veterinary Partners's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$81,137

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$84,332 · 0.31%
2023$21,350 · 0.13%
2022$5,832 · 0.07%
Same employer
Similar plansProfessional & Technical Services · Illinois
O'Hagan Meyer LLC IL$34.2M · 0.41%
Ibase Operations Corp. IL$32.9M · 0.70%
Topel Forman, L.L.C. IL$32.8M · 0.09%
Element 78 Partners, LLC IL$32.7M · 0.56%
Kinaxis Corp. IL$32.3M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 811167081 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.