Retirement plan

AMERIVET VETERINARY PARTNERS 401(K) PLAN

Name: AMERIVET PARTNERS MANAGEMENT, INC. - AMERIVET VETERINARY PARTNERS 401(K) PLAN (2024) Form 5500
Creator: AMERIVET PARTNERS MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERIVET VETERINARY PARTNERS 401(K) PLAN, AMERIVET PARTNERS MANAGEMENT, INC.

AMERIVET PARTNERS MANAGEMENT, INC.EIN 81-4559523Plan #001PY 2024

8610 N NEW BRAUNFELS AVE STE 500 - SAN ANTONIO, TX 78217855-621-2500

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$70.3M

+42.7% from 2023

Total participants

3,985

-2.7% from 2023

Average account balance

$21,392

+5.8% from 2023

Annual return

19.01%

-37.74 pp from 2023

Benchmarks

See 949 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort949 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$70.32M

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.

3,287

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.

76.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$19.42M

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

+19.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$114

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 3 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HANCOCK Service code 15 · EIN 80-0709115	Recordkeeping	$290,187
GLOBAL RETIREMENT PARTNERS LLC5 years Filed as: GLOBAL RETIREMENT PARTNERS, LLC Service code 26 · EIN 47-1411118	Advisory (Participants)	$52,995
TRINITY PENSION GROUP, LLC3 years Service code 13 P.O. BOX 2159 · JAMESTOWN, NC 27282	Contract Administrator	$31,165

Plan features & details

Pension benefit codes2E2J2K2F2G3D2S2T3H

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

2 tripped

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

$374K

$126 / participant

Recordkeeping$359K95.8%
Investment mgmt$16K4.2%
Other / not subdivided$500.0%

% of EOY assets

0.532%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RUSSON + JOHNSTON LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,392

$122,128-82.5%

$147,080-85.5%

$199,960-89.3%

Participation rate

76.5%

78.2%-1.7pp

82.2%-5.7pp

72.0%+4.5pp

Annual return

19.01%

30.58%-11.6pp

420.17%-401.2pp

34.28%-15.3pp

Employer contribution / active EE

$1,927

$4,093-52.9%

$4,933-60.9%

$3,036-36.5%

Participant deferral / active EE

$4,610

$8,484-45.7%

$8,066-42.9%

$5,087-9.4%

Admin fee / account holder

$114

$180-36.6%

$12,989-99.1%

$269-57.7%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK

Service code 15 · EIN 80-0709115

Recordkeeping

$290,187

GLOBAL RETIREMENT PARTNERS LLC5 years

Filed as: GLOBAL RETIREMENT PARTNERS, LLC

Service code 26 · EIN 47-1411118

Advisory (Participants)

$52,995

TRINITY PENSION GROUP, LLC3 years

Service code 13

P.O. BOX 2159 · JAMESTOWN, NC 27282

Contract Administrator

$31,165

AMERIVET VETERINARY PARTNERS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERIVET VETERINARY PARTNERS 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