Vetevolve Holdings, LLC 401(k) Review & Grade
Vetevolve 401(k) Plan
Essex, MDProfessional, Scientific & Technical Services760 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$489Employer $ per active participant
$2,323Employee $ saved per active participant
1.35%Direct admin cost, % of plan assets
$9.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.7 / 5013th percentile for employer $ per participant
- Low cost0.8 / 253th percentile for low admin cost vs. same-size plans
- Employee saving1.8 / 1512th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 3th |
| Employee saving | 12th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $102,894 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Vetevolve Holdings put in about $489 per active participant, below the typical peer ($3,082). 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 (1.35% 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 | $371,805 |
| Participant (employee) contributions | $1,766,290 |
| Other contributions (incl. rollovers in) | $481,301 |
| Administrative expenses paid from the plan | $110,557 |
| Contract administrator fees | $110,557 |
| Benefits paid out | $761,905 |
| Net assets, start / end of year | $6.9M / $9.5M |
| Active participants, start / end of year | 672 / 849 |
| Participants with account balances | 327 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $110,557 reported compensation |
| Benefit Fiduciary Group LLC | $39,393 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010093856NAL0007877089001, received 2025-10-10, EIN 61-1741694, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.