Plan Ledger DOL Form 5500 · updated monthly

Ocean State Veterinary Specialists,401(k)

OCEAN STATE VETERINARY SPECIALISTS 401(K) PROFIT SHARING PLAN · EAST GREENWICH, RI · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Ocean State Veterinary Specialists, reported $1,700 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,641 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 0.009% to 0.007%. 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 102nd-largest of 286 plans among Rhode Island employers on file, and the 4,487th of 11,654 in professional & technical services. In 2024, employees put in $1.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,072,706
Participants with balances290
Active participants267
Employer contributions$705,244
Employee contributions$1,293,571
Employer contribution per active participant$2,641
Average account balance$93,354
Benefits paid to participants$86,877
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$27.1M · 290 accts · $705K emplr
2023$21.6M · 270 accts · $734K emplr
2022$16.5M · 258 accts · $633K emplr
The Ocean State Veterinary Specialists, 401(k) match · 2024
Employer contribution per active participant$2,641
Median for plans this size$2,416
2024$2,641 per active participant
2023$2,821 per active participant
2022$2,534 per active participant

Ocean State Veterinary Specialists,'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 · 20242
CETERA ADVISORS, LLCindirect comp
RPCG, LLC · Other servicesindirect comp

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$1,700 · 0.01%
2023$2,349 · 0.01%
2022$1,543 · 0.01%
Same employer
Similar plansProfessional & Technical Services · Rhode Island
Cai Software LLC RI$36.3M · 0.13%
Purvis Systems Inc RI$28.8M · 0.37%
Dominion Diagnostics, LLC RI$28.1M · 0.37%
Pare Corporation RI$25.1M · 0.00%
Mikel, Inc. RI$19.1M · 0.33%
Falvey Insurance Group LTD RI$18.2M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050512373 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.