Strategic Pharmaceutical Solutions DBA Vetsource 401(k) Review & Grade
Strategic Pharmaceutical Solutions 401(k) Profit Sharing Plan and Trust
Portland, ORManufacturing576 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,411Employer $ per active participant
$7,595Employee $ saved per active participant
0.55%Direct admin cost, % of plan assets
$33.4MNet plan assets, end of year
$50,151Average balance per account
Score breakdown
- Employer generosity34.1 / 5068th percentile for employer $ per participant
- Low cost5.1 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 20th |
| Employee saving | 78th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Strategic Pharmaceutical Solutions DBA Vetsource put in about $3,411 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.55% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,962,883 |
| Participant (employee) contributions | $4,371,033 |
| Other contributions (incl. rollovers in) | $1,963,427 |
| Administrative expenses paid from the plan | $156,892 |
| Contract administrator fees | $85,534 |
| Investment advisory & management fees | $71,358 |
| Benefits paid out | $2,669,434 |
| Net assets, start / end of year | $24.1M / $33.4M |
| Active participants, start / end of year | 543 / 608 |
| Participants with account balances | 666 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Aldrich Cpas and Advisors LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $85,534 reported compensation |
| TPG Financial Advisors, LLC | $71,398 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251203170516NAL0002078002001, received 2025-12-03, EIN 20-4318957, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.