Plan Ledger DOL Form 5500 · updated monthly

Strategic Pharmaceutical Solutions dba Vetsource401(k)

STRATEGIC PHARMACEUTICAL SOLUTIONS 401(K) PROFIT SHARING PLAN AND TRUST · PORTLAND, OR · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Strategic Pharmaceutical Solutions dba Vetsource reported $156,892 in plan administrative expenses for 2024: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,228 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 0.63% to 0.55%. 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 256th-largest of 1,021 plans among Oregon employers on file, and the 4,163rd of 13,661 in manufacturing. In 2024, employees put in $2.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$33,400,391
Participants with balances666
Active participants608
Employer contributions$1,962,883
Employee contributions$4,371,033
Employer contribution per active participant$3,228
Average account balance$50,151
Benefits paid to participants$2,669,434
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$33.4M · 666 accts · $2.0M emplr
2023$24.1M · 647 accts · $1.9M emplr
2022$16.2M · 655 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$85,534
Investment management$71,358
Total administrative$156,892
The Strategic Pharmaceutical Solutions dba Vetsource 401(k) match · 2024
Employer contribution per active participant$3,228
Median for plans this size$2,416
2024$3,228 per active participant
2023$3,513 per active participant
2022$2,603 per active participant

Strategic Pharmaceutical Solutions dba Vetsource'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$85,534
TPG FINANCIAL ADVISORS, LLC · Investment advisory (plan)$71,358

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$156,892 · 0.55%
2023$130,218 · 0.65%
2022$95,601 · 0.63%
Same employer
Similar plansManufacturing · Oregon
Gunderson Marine, LLC OR$35.7M · 0.14%
Rodda Paint Co. OR$35.2M · 0.09%
Dwfritz Automation LLC OR$34.8M · 0.17%
Murphy Company OR$34.7M · 1.10%
Deschutes Brewery, Inc. OR$31.5M · 0.00%
Zip-O-Log Mills, Inc. OR$29.9M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204318957 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.