Plan Ledger DOL Form 5500 · updated monthly

Veterinary Innovative Partners LLC401(k)

VIP 401(K) PLAN · PITTSBURGH, PA · plan year 2024

Reported admin expense ratio · 2024
0.74%

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

Veterinary Innovative Partners LLC reported $76,699 in plan administrative expenses for 2024: 0.74% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,134 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 0.61% to 0.74%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is among the smaller plans on file in Pennsylvania (2,234th of 3,651), and 555th of 786 in management of companies. In 2024, employees put in $2.43 for every $1.00 the employer contributed; active participation has grown from 273 to 633 since 2022.

Plan summary
Net assets, end of year$10,575,048
Participants with balances314
Active participants633
Employer contributions$717,658
Employee contributions$1,744,347
Employer contribution per active participant$1,134
Average account balance$33,678
Benefits paid to participants$2,886,337
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.6M · 314 accts · $718K emplr
2023$10.2M · 242 accts · $741K emplr
2022$7.7M · 179 accts · $517K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$76,699
Total administrative$76,699
The Veterinary Innovative Partners LLC 401(k) match · 2024
Employer contribution per active participant$1,134
Median for plans this size$2,416
2024$1,134 per active participant
2023$1,268 per active participant
2022$1,895 per active participant

Veterinary Innovative Partners LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 · 20244
VOYA RETIREMENT ADVISORS LLC · Investment advisory (participants)$2,257
LPL FINANCIALindirect comp
ASCENSUS C/O FUTURE PLAN · Other servicesindirect comp
GLOBAL RETIREMENT PARTNERS LLCindirect 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$76,699 · 0.74%
2023$56,935 · 0.64%
2022$39,435 · 0.61%
Same employer
Similar plansManagement of Companies · Pennsylvania
Denmar Associates, LLC PA$20.1M · 0.44%
Empire Kosher Poultry, Inc. PA$17.1M · 0.62%
Vantage Holding Company LLC PA$14.5M · 0.52%
Erie Management Group, LLC PA$10.1M · 0.31%
Esmark, Inc. PA$9.4M · 0.25%
Huntingdon Valley Bank PA$6.6M · 0.39%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 863949830 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.