Retirement plan

PETVET CARE CENTERS MANAGEMENT, LLC RETIREMENT SAVINGS PLAN

Name: PETVET CARE CENTERS MANAGEMENT, LLC - PETVET CARE CENTERS MANAGEMENT, LLC RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: PETVET CARE CENTERS MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PETVET CARE CENTERS MANAGEMENT, LLC RETIREMENT SAVINGS PLAN, PETVET CARE CENTERS MANAGEMENT, LLC

PETVET CARE CENTERS MANAGEMENT, LLCEIN 45-4459242Plan #001PY 2021

1 GORHAM ISLAND, SUITE 300 - WESTPORT, CT 068803212704-815-3946LinkedIn1001-5000 employeesresearch

Prospect flagsLow participationLow employer contributionFailed to transmit contributions

Top hat statement on fileNQDC

Filed September 8, 2020

Plan administrator

Plan administrator name— Sign in and upgrade to view

One Gorham Island Rd

Westport, CT 06889

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

Plan name not on file500 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$107.7M

+74.5% from 2020

Total participants

6,001

+28.8% from 2020

Average account balance

$36,821

+35.9% from 2020

Annual return

62.87%

+41.97 pp from 2020

Benchmarks

See 93 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort93 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$153.94M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

3,761

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.

29.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$22.58M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$110

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE5+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$267,793
BRIGHTWORXX LLC3 years Service code 13 150 MOTOR PKWY STE 401 · HAUPPAUGE, NY 11788	Contract Administrator	$228,618
KESTRA INVESTMENT SERVICES LLC3 years Filed as: KESTRA ADVISORY SERVICES LLC Service code 27 5707 SW PKWY BLDG 2 STE 400 · AUSTIN, TX 78735	Advisory (Plan)	$129,103
PETVET CARE CENTERS LLC1 year Service code 99 ONE GORHAM ISLAND RD · WESTPORT, CT 06880	Other Fees	$15,000

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$614K

$104 / participant

Investment mgmt$614K100.0%

% of EOY assets

0.569%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,821

$114,241-67.8%

$159,455-76.9%

$101,517-63.7%

Participation rate

47.9%

71.7%-23.8pp

82.8%-34.9pp

74.6%-26.6pp

Annual return

62.87%

22.81%+40.1pp

263.63%-200.8pp

21.00%+41.9pp

Employer contribution / active EE

$148

$3,214-95.4%

$4,830-96.9%

$2,973-95.0%

Participant deferral / active EE

$2,506

$6,307-60.3%

$7,353-65.9%

$4,873-48.6%

Admin fee / account holder

$210

$81+159.7%

$10,800-98.1%

$139+50.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE5+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$267,793

BRIGHTWORXX LLC3 years

Service code 13

150 MOTOR PKWY STE 401 · HAUPPAUGE, NY 11788

Contract Administrator

$228,618

KESTRA INVESTMENT SERVICES LLC3 years

Filed as: KESTRA ADVISORY SERVICES LLC

Service code 27

5707 SW PKWY BLDG 2 STE 400 · AUSTIN, TX 78735

Advisory (Plan)

$129,103

PETVET CARE CENTERS LLC1 year

Service code 99

ONE GORHAM ISLAND RD · WESTPORT, CT 06880

Other Fees

$15,000

PETVET CARE CENTERS MANAGEMENT, LLC RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PETVET CARE CENTERS MANAGEMENT, LLC RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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