Community Veterinary Partners 401(k) Review & Grade
Community Veterinary Partners 401(k) Plan
Philadelphia, PAProfessional, Scientific & Technical Services2,888 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,026Employer $ per active participant
$3,781Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$95.6MNet plan assets, end of year
$47,906Average balance per account
Score breakdown
- Employer generosity10.9 / 5022th percentile for employer $ per participant
- Low cost7.3 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving3.1 / 1521th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score21 / 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 | 22th |
| Lower admin cost | 29th |
| Employee saving | 21th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $373,258 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Community Veterinary Partners put in about $1,026 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 (0.24% 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.
- 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 | $2,962,638 |
| Participant (employee) contributions | $10,921,366 |
| Other contributions (incl. rollovers in) | $3,995,730 |
| Administrative expenses paid from the plan | $202,335 |
| Investment advisory & management fees | $81,442 |
| Benefits paid out | $6,549,547 |
| Net assets, start / end of year | $73.5M / $95.6M |
| Active participants, start / end of year | 2,811 / 2,966 |
| Participants with account balances | 1,996 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $120,893 reported compensation |
| Morgan Stanley Smith Barney LLC | $80,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013090834NAL0000403763001, received 2025-10-13, EIN 27-1126809, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.