Vets Pets 401(k) Review & Grade
Vets Pets 401(k) Plan
Wilson, NCProfessional, Scientific & Technical Services725 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,410Employer $ per active participant
$2,820Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$17.5MNet plan assets, end of year
$41,302Average balance per account
Score breakdown
- Employer generosity12.6 / 5025th percentile for employer $ per participant
- Low cost10.3 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving2.1 / 1514th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 41th |
| Employee saving | 14th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($232,742 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Vets Pets put in about $1,410 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,022,124 |
| Participant (employee) contributions | $2,044,525 |
| Other contributions (incl. rollovers in) | $328,147 |
| Administrative expenses paid from the plan | $44,657 |
| Investment advisory & management fees | $36,640 |
| Benefits paid out | $1,000,706 |
| Net assets, start / end of year | $12.9M / $17.5M |
| Active participants, start / end of year | 674 / 776 |
| Participants with account balances | 423 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Elliott Group Cpas PLLC |
Largest service providers (Schedule C)
| Kestra Advisory Services | $36,640 reported compensation |
| Adp, Inc. | $8,017 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260903092101NAL0012315731001, received 2026-09-03, EIN 26-0393250, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.