Plan Ledger DOL Form 5500 · updated monthly

Heritage Pharma Holdings, Inc. D/B/A Avet Pharmaceuticals Holdings Inc401(k)

AVET PHARMA 401(K) PLAN · EAST BRUNSWICK, NJ · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Heritage Pharma Holdings, Inc. D/B/A Avet Pharmaceuticals Holdings Inc reported $95,483 in plan administrative expenses for 2024: 0.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,167 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 0.64%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,176th-largest of 2,419 plans among New Jersey employers on file, and the 6,678th of 13,661 in manufacturing. In 2024, employees put in $2.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,492,613
Participants with balances231
Active participants216
Employer contributions$684,055
Employee contributions$1,742,660
Employer contribution per active participant$3,167
Average account balance$71,397
Benefits paid to participants$1,103,699
Plan auditUnmodified (clean) audit opinion
AuditorTORRILLO AND ASSOCIATES LLC
Plan history3
Yearassets · accounts · employer contribution
2024$16.5M · 231 accts · $684K emplr
2023$13.3M · 226 accts · $642K emplr
2022$10.4M · 216 accts · $619K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,349
Investment management$51,879
Total administrative$95,483
The Heritage Pharma Holdings, Inc. D/B/A Avet Pharmaceuticals Holdings Inc 401(k) match · 2024
Employer contribution per active participant$3,167
Median for plans this size$2,416
2024$3,167 per active participant
2023$3,000 per active participant
2022$3,051 per active participant

Heritage Pharma Holdings, Inc. D/B/A Avet Pharmaceuticals Holdings Inc's 2024 employer contribution ran above the $2,416 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
CBIZ INVESTMENT ADVISORY SERVICES · Investment advisory (plan)$45,628
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$43,604
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$6,251

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$95,483 · 0.64%
2023$76,981 · 0.65%
2022$72,647 · 0.66%
Same employer
Similar plansManufacturing · New Jersey
Ss White Burs, Inc. NJ$17.1M · 0.17%
Eci Technology, Inc. NJ$16.7M · 0.01%
Lmt Mercer Group, Inc. NJ$16.6M · 0.05%
Eagle Pharmaceuticals Inc NJ$16.5M · 0.38%
Kobo Products, Inc. NJ$16.1M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264613066 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.