Amerivet Partners Management, Inc. 401(k) Review & Grade
Amerivet Veterinary Partners 401(k) Plan
San Antonio, TXProfessional, Scientific & Technical Services3,110 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,840Employer $ per active participant
$4,401Employee $ saved per active participant
0.63%Direct admin cost, % of plan assets
$70.3MNet plan assets, end of year
$21,392Average balance per account
Score breakdown
- Employer generosity16.1 / 5032th percentile for employer $ per participant
- Low cost2.3 / 259th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1523th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 9th |
| Employee saving | 23th |
| Peers that auto-enroll | 47% |
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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 ($36,543 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
- Amerivet Partners Management put in about $1,840 per active participant, below the typical peer ($2,951). 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.
- Direct plan expenses (0.63% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $5,724,611 |
| Participant (employee) contributions | $13,690,447 |
| Other contributions (incl. rollovers in) | $2,125,770 |
| Administrative expenses paid from the plan | $374,397 |
| Investment advisory & management fees | $15,773 |
| Other admin expenses | $50 |
| Benefits paid out | $7,739,891 |
| Net assets, start / end of year | $49.3M / $70.3M |
| Active participants, start / end of year | 3,251 / 2,970 |
| Participants with account balances | 3,287 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Russon + Johnston LLP |
Largest service providers (Schedule C)
| John Hancock | $290,187 reported compensation |
| Global Retirement Partners, LLC | $52,995 reported compensation |
| Trinity Pension Group, LLC | $31,165 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015080601NAL0002005123001, received 2025-10-15, EIN 81-4559523, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.