Veterinary Emergency Group, LLC 401(k) Review & Grade
Veterinary Emergency Group 401(k) Plan
White Plains, NYProfessional, Scientific & Technical Services4,568 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,316Employer $ per active participant
$4,562Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$96.6MNet plan assets, end of year
$33,048Average balance per account
Score breakdown
- Employer generosity20.4 / 5041th percentile for employer $ per participant
- Low cost5.7 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving3.6 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score20 / 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 | 41th |
| Lower admin cost | 23th |
| Employee saving | 24th |
| 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 ($1,081,990 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $25,244 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Veterinary Emergency Group put in about $2,316 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 (0.30% 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 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 | $10,578,958 |
| Participant (employee) contributions | $20,843,652 |
| Other contributions (incl. rollovers in) | $4,874,925 |
| Administrative expenses paid from the plan | $228,942 |
| Contract administrator fees | $191,262 |
| Investment advisory & management fees | $37,680 |
| Benefits paid out | $3,568,152 |
| Net assets, start / end of year | $54.3M / $96.6M |
| Active participants, start / end of year | 3,868 / 5,269 |
| Participants with account balances | 2,924 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $191,262 reported compensation |
| JP Morgan Private | $37,693 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251104143734NAL0006652723001, received 2025-11-04, EIN 82-2020171, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.