Pieper-Olson Vet Hospital, LLC 401(k) Review & Grade
Pieper-Olson Vet Hospital Employees Plan
Middletown, CTProfessional, Scientific & Technical Services948 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,622Employer $ per active participant
$3,282Employee $ saved per active participant
0.53%Direct admin cost, % of plan assets
$25.5MNet plan assets, end of year
$36,569Average balance per account
Score breakdown
- Employer generosity14.2 / 5028th percentile for employer $ per participant
- Low cost5.3 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score22 / 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 | 28th |
| Lower admin cost | 21th |
| Employee saving | 16th |
| Peers that auto-enroll | 48% |
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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 ($393,377 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Pieper-Olson Vet Hospital put in about $1,622 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 (0.53% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,537,973 |
| Participant (employee) contributions | $3,110,863 |
| Other contributions (incl. rollovers in) | $1,021,590 |
| Administrative expenses paid from the plan | $114,162 |
| Contract administrator fees | $104,940 |
| Investment advisory & management fees | $9,222 |
| Benefits paid out | $998,687 |
| Net assets, start / end of year | $17.7M / $25.5M |
| Active participants, start / end of year | 907 / 989 |
| Participants with account balances | 698 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cohnreznick LLP |
Largest service providers (Schedule C)
| Ascensus Trust | $70,739 reported compensation |
| Principal Life Insurance Company | $34,201 reported compensation |
| Creative Planning, LLC | $9,229 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251212114027NAL0008842448001, received 2025-12-12, EIN 06-1155979, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.