Veterinary Innovative Partners LLC 401(k) Review & Grade
Vip 401(k) Plan
Pittsburgh, PAManagement of Companies618 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,161Employer $ per active participant
$2,823Employee $ saved per active participant
0.74%Direct admin cost, % of plan assets
$10.6MNet plan assets, end of year
$33,678Average balance per account
Score breakdown
- Employer generosity11.1 / 5022th percentile for employer $ per participant
- Low cost2.9 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 12th |
| Employee saving | 23th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,379 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Veterinary Innovative Partners put in about $1,161 per active participant, below the typical peer ($2,492). 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 (0.74% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $717,658 |
| Participant (employee) contributions | $1,744,347 |
| Other contributions (incl. rollovers in) | $289,708 |
| Administrative expenses paid from the plan | $76,699 |
| Contract administrator fees | $76,699 |
| Benefits paid out | $2,886,337 |
| Net assets, start / end of year | $10.2M / $10.6M |
| Active participants, start / end of year | 603 / 633 |
| Participants with account balances | 314 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Katz, Sapper & Miller, LLP |
Largest service providers (Schedule C)
| LPL Financial | $33,099 reported compensation |
| Ascensus C/o Future Plan | $8,489 reported compensation |
| Global Retirement Partners LLC | $3,433 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013155927NAL0001669489001, received 2025-10-13, EIN 86-3949830, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.