Plan Snapshot
- Plan Sponsor: Southern Veterinary Partners, LLC
- Sponsor EIN: 471908537
- Sponsor Address: 2204 LAKESHORE DR., BIRMINGHAM, AL, 35209
- Plan Type: 401(k)
- Total Participants: 10,271
- Total Assets: $183.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 10,271 | $183.0M | $11.0M | $25.6M |
| 2023 | 9,392 | $131.6M | $9.4M | $21.1M |
| 2022 | 8,298 | $84.9M | $7.5M | $17.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| JOHN HANCOCK | Recordkeeper | $349,034 | — | $349,034 |
| HAUSER RETIREMENT SOLUTIONS | Other Service Provider | $65,000 | — | $65,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $414,034
- Estimated Expense Ratio: 0.226% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $414,034 | $89,313 | $324,721 | — | — |
| 2023 | $341,167 | $73,928 | $267,239 | — | — |
| 2022 | $228,714 | $78,747 | $149,967 | — | — |