Erin Rojas 401(k) Review & Grade
Vetcor 401(k) Plan · d/b/a Vetcor Management Company LLC
Norwell, MAProfessional, Scientific & Technical Services14,196 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$674Employer $ per active participant
$2,625Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$286.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.1 / 5020th percentile for employer $ per participant
- Low cost6.3 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 10,000+ active participants (70 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 25th |
| Employee saving | 20th |
| Peers that auto-enroll | 39% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($4,293 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $2,193,897 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Erin Rojas put in about $674 per active participant, below the typical peer ($2,932). 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 (0.16% of assets) are well above similar-size plans (0.09%). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $9,572,026 |
| Participant (employee) contributions | $37,264,901 |
| Other contributions (incl. rollovers in) | $5,413,011 |
| Administrative expenses paid from the plan | $412,642 |
| Contract administrator fees | $900 |
| Investment advisory & management fees | $40,000 |
| Benefits paid out | $19,551,006 |
| Net assets, start / end of year | $221.5M / $286.1M |
| Active participants, start / end of year | 12,733 / 15,659 |
| Participants with account balances | 6,172 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $372,642 reported compensation |
| Wells Fargo Clearing Services LLC | $40,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013162732NAL0002389968001, received 2025-10-13, EIN 04-3548552, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.