Plan Snapshot
- Plan Sponsor: The Vets Holding INC
- Sponsor EIN: 844691840
- Sponsor Address: ONE BRIDGE PLAZA STE 675, FORT LEE, NJ, 07024
- Plan Type: 401(k)
- Total Participants: 126
- Total Assets: $1.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 126 | $1.7M | $24,902 | $397,720 |
| 2023 | 105 | $1.4M | $198,237 | $462,279 |
| 2022 | 110 | $1.1M | $293,673 | $571,953 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $14,144 | — | $14,144 |
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $7,561 | $15 | $7,576 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,720
- Estimated Expense Ratio: 1.312% 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 | $21,712 | $3,784 | $14,144 | — | — |
| 2023 | $17,120 | $2,670 | $11,780 | — | — |
| 2022 | $6,828 | $854 | $5,120 | — | $854 |