Plan Ledger DOL Form 5500 · updated monthly

Vet Pride Services, Inc.401(k)

VET PRIDE SERVICES, INC. 401(K) PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.75%

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

Vet Pride Services, Inc. reported $31,984 in plan administrative expenses for 2024: 0.75% of average plan assets, above the peer median. Employer contributions averaged $1,799 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 0.87% to 0.75%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in North Carolina (1,517th of 2,005), and 4,139th of 5,337 in construction. In 2024, the employer put in $3.12 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$4,322,775
Participants with balances273
Active participants254
Employer contributions$456,934
Employee contributions$146,595
Employer contribution per active participant$1,799
Average account balance$15,834
Benefits paid to participants$923,735
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS JUDY & TUCKER PA
Plan history3
Yearassets · accounts · employer contribution
2024$4.3M · 273 accts · $457K emplr
2023$4.2M · 312 accts · $554K emplr
2022$3.6M · 339 accts · $604K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,357
Investment management$21,627
Total administrative$31,984
The Vet Pride Services, Inc. 401(k) match · 2024
Employer contribution per active participant$1,799
Median for plans this size$1,313
2024$1,799 per active participant
2023$2,091 per active participant
2022$2,179 per active participant

Vet Pride Services, Inc.'s 2024 employer contribution ran above the $1,313 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
CRESSET ASSET MANAGEMENT, LLC · Recordkeeping · Trustee$21,626
ADP, INC. · Loan processing · Recordkeeping$10,357
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, CRESSET ASSET MANAGEMENT, LLC
2023ADP, CRESSET ASSET MANAGEMENT, LLC, FIRST REPUBLIC INVESTMENT MANAGEMEN

This plan has changed recordkeepers within these filings. If you left Vet Pride Services, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$31,984 · 0.75%
2023$28,392 · 0.73%
2022$39,370 · 0.87%
Similar plansConstruction · North Carolina
River City Construction NC$4.8M · 0.93%
Siteworks, LLC NC$4.3M · 0.90%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 861155143 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.