Retirement plan

VETERINARY PRACTICE PARTNERS, LLC 401(K) PLAN

Name: VETERINARY PRACTICE PARTNERS, LLC - VETERINARY PRACTICE PARTNERS, LLC 401(K) PLAN (2018) Form 5500
Creator: VETERINARY PRACTICE PARTNERS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VETERINARY PRACTICE PARTNERS, LLC 401(K) PLAN, VETERINARY PRACTICE PARTNERS, LLC

VETERINARY PRACTICE PARTNERS, LLCEIN 80-0673278Plan #001PY 2018

601 SOUTH HENDERSON ROAD, SUITE 155 - KING OF PRUSSIA, PA 19406866-838-7278vetpartners.comLinkedIn1001-5000 employeesveterinary

Prospect flagsLow returnsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.2M

+32.7% from 2017

Total participants

1,091

+43.6% from 2017

Average account balance

$8,742

-4.2% from 2017

Annual return

-9.18%

-37.19 pp from 2017

Benchmarks

See 1,316 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,316 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$69.64M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

3,348

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.

86.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.85M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+22.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$130

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 2 by compensation

Provider	Service type	Compensation
PROFESSIONAL CAPITAL SERVICES, LLC3 years Filed as: PROFESSIONAL CAPITAL SERVICES Service code 13 1801 MARKET STREET · PHILADELPHIA, PA 19103	Contract Administrator	$22,391
EFFICIENT ADVISORS3 years Service code 27 1801 MARKET STREET · PHILADELPHIA, PA 19103	Advisory (Plan)	$15,845

Plan features & details

Pension benefit codes2E2J2K2F2G2T3D3H2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$42K

$42 / participant

Investment mgmt$16K37.6%
Contract admin$22K53.1%
Other / not subdivided$4K9.2%

% of EOY assets

0.513%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,742

$45,382-80.7%

$154,111-94.3%

$75,289-88.4%

Participation rate

84.9%

65.9%+19.0pp

83.0%+1.9pp

72.4%+12.5pp

Annual return

-9.18%

-0.47%-8.7pp

735.18%-744.4pp

-0.04%-9.1pp

Employer contribution / active EE

$923

$1,533-39.8%

$5,298-82.6%

$2,405-61.6%

Participant deferral / active EE

$2,065

$2,384-13.4%

$5,081-59.4%

$3,739-44.8%

Admin fee / account holder

$45

$89-49.8%

$13,411-99.7%

$102-56.2%

Provider

Service type

Compensation

PROFESSIONAL CAPITAL SERVICES, LLC3 years

Filed as: PROFESSIONAL CAPITAL SERVICES

Service code 13

1801 MARKET STREET · PHILADELPHIA, PA 19103

Contract Administrator

$22,391

EFFICIENT ADVISORS3 years

Service code 27

1801 MARKET STREET · PHILADELPHIA, PA 19103

Advisory (Plan)

$15,845

VETERINARY PRACTICE PARTNERS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VETERINARY PRACTICE PARTNERS, LLC 401(K) PLAN

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