Plan Ledger DOL Form 5500 · updated monthly

Vets Pets401(k)

VETS PETS 401(K) PLAN · WILSON, NC · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Vets Pets reported $44,657 in plan administrative expenses for 2024: 0.29% of average plan assets, above the peer median. Employer contributions averaged $1,232 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 0.18% to 0.29%. 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 792nd-largest of 2,005 plans among North Carolina employers on file, and 6,039th of 11,654 in professional & technical services. In 2024, employees put in $2.14 for every $1.00 the employer contributed; active participation has grown from 517 to 776 since 2022.

Plan summary
Net assets, end of year$17,405,083
Participants with balances423
Active participants776
Employer contributions$956,338
Employee contributions$2,044,525
Employer contribution per active participant$1,232
Average account balance$41,147
Benefits paid to participants$1,000,706
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.4M · 423 accts · $956K emplr
2023$12.9M · 321 accts · $857K emplr
2022$8.5M · 315 accts · $748K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,017
Investment management$36,640
Total administrative$44,657
The Vets Pets 401(k) match · 2024
Employer contribution per active participant$1,232
Median for plans this size$2,416
2024$1,232 per active participant
2023$1,501 per active participant
2022$1,448 per active participant

Vets Pets'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 · 20242
KESTRA ADVISORY SERVICES · Recordkeeping · Trustee$36,640
ADP, INC. · Loan processing · Recordkeeping$8,017

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, KESTRA ADVISORY SERVICES
2023ADP, KESTRA ADVISORY SERVICES

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

Administrative cost history3
2024$44,657 · 0.29%
2023$30,438 · 0.28%
2022$14,294 · 0.18%
Same employer
Similar plansProfessional & Technical Services · North Carolina
Kymanox Corporation NC$19.6M · 0.53%
Precision Biosciences, Inc. NC$19.1M · 0.02%
Med-El Corporation NC$17.6M · 0.35%
Cprime, Inc. NC$17.3M · 0.64%
Clinical Ink NC$17.0M · 0.96%
Ltm Inc. NC$16.8M · 0.29%
Employee Retirement Plan NC$15.9M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260393250 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.