Retirement plan

PORTER SQUARE VETERINARIAN PC 401(K) PROFIT SHARING PLAN & TRUST

Name: PORTER SQUARE VETERINARIAN PC - PORTER SQUARE VETERINARIAN PC 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: PORTER SQUARE VETERINARIAN PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PORTER SQUARE VETERINARIAN PC 401(K) PROFIT SHARING PLAN & TRUST, PORTER SQUARE VETERINARIAN PC

PORTER SQUARE VETERINARIAN PCEIN 04-3137961Plan #001PY 2024

360 SUMMER ST - SOMERVILLE, MA 021443132617-628-5588portersqvet.comLinkedIn11-50 employeesveterinary

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2.5M

+18.7% from 2023

Total participants

-18.2% from 2023

Average account balance

$72,549

+49.3% from 2023

Annual return

10.98%

-2.98 pp from 2023

Benchmarks

See 28,896 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,896 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$2.84M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$75K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

118.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$229K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.08%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$9546

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$57K

$2033 / participant

Other / not subdivided$57K100.0%

% of EOY assets

2.242%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,549

$102,393-29.1%

$147,041-50.7%

$80,911-10.3%

Participation rate

96.4%

75.9%+20.6pp

82.2%+14.3pp

67.6%+28.8pp

Annual return

10.98%

134.95%-124.0pp

419.21%-408.2pp

35.63%-24.6pp

Employer contribution / active EE

$1,658

$3,715-55.4%

$4,935-66.4%

$2,756-39.9%

Participant deferral / active EE

$5,639

$6,647-15.2%

$8,071-30.1%

$4,297+31.2%

Admin fee / account holder

$1,627

$7,943-79.5%

$13,006-87.5%

$6,935-76.5%

PORTER SQUARE VETERINARIAN PC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PORTER SQUARE VETERINARIAN PC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion