Plan Ledger DOL Form 5500 · updated monthly

Upstate Veterinary Specialties, PLLC401(k)

UPSTATE VETERINARY SPECIALTIES 401(K) PLAN · LATHAM, NY · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Upstate Veterinary Specialties, PLLC reported $60,464 in plan administrative expenses for 2024: 0.59% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,982 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 0.55% to 0.59%. 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 among the smaller plans on file in New York (3,354th of 5,648), and 7,446th of 11,654 in professional & technical services. In 2024, employees put in $1.72 for every $1.00 the employer contributed; active participation has grown from 155 to 185 since 2022.

Plan summary
Net assets, end of year$11,803,637
Participants with balances163
Active participants185
Employer contributions$551,756
Employee contributions$949,500
Employer contribution per active participant$2,982
Average account balance$72,415
Benefits paid to participants$423,682
Plan auditUnmodified (clean) audit opinion
AuditorMENGEL, METZGER, BARR & CO. LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.8M · 163 accts · $552K emplr
2023$8.7M · 138 accts · $443K emplr
2022$6.1M · 127 accts · $386K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,664
Investment management$40,800
Total administrative$60,464
The Upstate Veterinary Specialties, PLLC 401(k) match · 2024
Employer contribution per active participant$2,982
Median for plans this size$2,416
2024$2,982 per active participant
2023$2,577 per active participant
2022$2,489 per active participant

Upstate Veterinary Specialties, PLLC'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
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$19,880
OAKBOURNE ADVISORS$40,800

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$60,464 · 0.59%
2023$43,065 · 0.58%
2022$34,039 · 0.55%
Same employer
Similar plansProfessional & Technical Services · New York
Aai Associates, Inc. NY$12.0M · 0.58%
Flexible Business Systems NY$11.8M · 0.46%
Deepintent, Inc. NY$11.8M · 0.27%
Lockard & Wechsler LLC NY$11.8M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030516276 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.