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Industry · Form 5500 business code 541940
Veterinary Services: retirement plans
Plans whose sponsor entered this principal business activity code on Form 5500.
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. The business code is chosen by the filer from the list in the Form 5500 instructions.
For plan year 2024, 75 retirement plans in veterinary services with 100 or more participants filed Form 5500: 75 defined contribution and 0 defined benefit. They reported 186,097 participant records and $3.47B in net assets, counting every plan on the form.
The median defined contribution plan held $19,498 per participant, well below the national median of $53,031, and its employer put in $1,555 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $78.89 per participant against $123 nationally.
Employers contributed $228M and participants $381M during the year, and the plans paid out $251M in benefits.
In 2009 the same group numbered 38 plans with $289M; by 2024 it was 75 plans (up 97%) and $3.47B (up 1100%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Medians compared with all US plans
| Median plan, plan year 2024 | Industry: DC | US: DC | Industry: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $19,498 | $53,031 | — | $86,234 |
| Employer contributions per active participant | $1,555 | $2,174 | — | $10,244 |
| Schedule C compensation per participant | $78.89 | $123 | — | $344 |
| Schedule C compensation, share of net assets | 0.36% | 0.26% | — | 0.42% |
| Administrative expenses per participant | $88.78 | $116 | — | $527 |
Medians across plans with 100 or more participants (72 DC and 0 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $15,267 | $19,498 | $36,732 | 72 |
| Employer contributions per active participant | $934 | $1,555 | $2,161 | 69 |
| Schedule C compensation per participant | $39.91 | $78.89 | $163 | 66 |
| Administrative expenses per participant | $40.82 | $88.78 | $162 | 72 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2024 | 75 | 186,097 | $3.47B | $228M | $381M | $19,498 | $78.89 |
| 2023 | 71 | 178,385 | $2.66B | $156M | $444M | $18,058 | $70.11 |
| 2022 | 76 | 178,947 | $2.40B | $119M | $370M | $17,621 | $66.73 |
| 2021 | 77 | 152,618 | $2.41B | $85.3M | $279M | $21,167 | $65.96 |
| 2020 | 73 | 121,580 | $1.81B | $65.0M | $244M | $21,724 | $53.55 |
| 2019 | 71 | 125,082 | $2.07B | $55.8M | $222M | $19,716 | $57.73 |
| 2018 | 67 | 106,193 | $1.55B | $48.5M | $183M | $16,700 | $51.18 |
| 2017 | 58 | 86,459 | $1.48B | $46.6M | $147M | $21,181 | $41.88 |
| 2016 | 51 | 75,657 | $1.13B | $35.2M | $119M | $24,560 | $40.20 |
| 2015 | 53 | 68,203 | $943M | $31.0M | $101M | $20,406 | $35.80 |
| 2014 | 44 | 39,182 | $671M | $12.8M | $54.9M | $20,343 | $36.34 |
| 2013 | 46 | 40,468 | $598M | $12.4M | $50.2M | $19,072 | $26.83 |
| 2012 | 42 | 37,401 | $481M | $11.4M | $46.5M | $17,821 | $32.32 |
| 2011 | 37 | 32,979 | $394M | $10.0M | $39.1M | $19,338 | $16.23 |
| 2010 | 39 | 33,464 | $383M | $10.2M | $37.5M | $19,114 | $18.28 |
| 2009 | 38 | 36,289 | $289M | $8.0M | $33.7M | $13,253 | $17.14 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 72 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 72 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| National Veterinary Associates, Inc. 401(k) Plan | National Veterinary Associates, Inc. | CA | DC | 52,955 | $809M | $15,280 | $2,072 | $25.24 |
| Southern Veterinary Partners, LLC 401(k) Plan | Southern Veterinary Partners, LLC | AL | DC | 11,014 | $183M | $16,615 | $1,069 | $37.59 |
| Pathway Vet Alliance LLC 401(k) Plan | Pathway Vet Alliance LLC | TX | DC | 10,798 | $207M | $19,202 | $621 | $42.95 |
| Petvet Care Centers Management, LLC Retirement Savings Plan | Petvet Care Centers Management, LLC | CT | DC | 10,640 | $154M | $14,468 | $124 | $50.77 |
| Midwest Veterinary Partners 401(k) Plan | Midwest Veterinary Partners. LLC | MI | DC | 8,516 | $165M | $19,429 | $1,534 | $48.66 |
| Veterinary Emergency Group 401(k) Plan | Veterinary Emergency Group, LLC | NY | DC | 5,470 | $96.6M | $17,666 | $2,008 | $41.86 |
| Western Veterinary Partners LLC | WVP of Washington PC | CO | DC | 4,739 | $38.2M | $8,053 | — | $32.55 |
| Medvet, Inc. Employees Savings Trust | Medvet, Inc. | OH | DC | 4,044 | $147M | $36,269 | $1,461 | $71.42 |
| Amerivet Veterinary Partners 401(k) Plan | Amerivet Partners Management, Inc. | TX | DC | 3,985 | $70.3M | $17,645 | $1,927 | $93.94 |
| Avma Life Trust, LLC 401(k) Plan | Avma Life Trust, LLC | IL | DC | 3,833 | $74.7M | $19,482 | $1,608 | $159 |
| Rarebreed Veterinary Partners 401(k) Plan | Project Inspire, Inc. DBA Rarebreed Veterinary P | ME | DC | 3,639 | $66.0M | $18,143 | $1,788 | $15.31 |
| Heartland Veterinary Partners 401(k) Plan | Heartland Veterinary Partners | IL | DC | 3,549 | $33.3M | $9,378 | $272 | $22.86 |
| Blue River Petcare Group, LLC 401(k) Plan | Blue River Petcare Group, LLC | IL | DC | 3,481 | $67.9M | $19,514 | $1,175 | $106 |
| Community Veterinary Partners 401(k) Plan | Community Veterinary Partners | PA | DC | 3,274 | $95.6M | $29,206 | $999 | $61.36 |
| Innovetive Petcare 401(k) Profit Sharing Plan and Trust | Innovetive Petcare Holdings LLC | TX | DC | 3,177 | $36.0M | $11,333 | $848 | $86.36 |
| Avg 401(k) Plan | Avg Intermediate Holdings, LLC | FL | DC | 3,128 | $13.6M | $4,348 | $119 | $8.15 |
| Alliance Animal Health 401(k) Plan | ZBS Pet Care DBA Alliance Animal | NY | DC | 2,541 | $42.8M | $16,849 | $1,384 | $60.28 |
| Carevet Retirement Savings Plan | Carevet Missouri, LLC | MO | DC | 2,456 | $24.2M | $9,854 | $380 | $16.42 |
| Encorevet Group 401(k) Plan | Encorevet Group LLC | NY | DC | 2,286 | $61.5M | $26,914 | $1,791 | $62.67 |
| Lakefield Veterinary Group, Inc. 401(k) Retirement Plan | Lakefield Veterinary Group, Inc. | WA | DC | 2,196 | $47.0M | $21,398 | $1,812 | $111 |
| Suveto Buyer, LLC 401(k) Plan | Suveto Buyer, LLC | PA | DC | 1,782 | $35.6M | $19,999 | $1,598 | $191 |
| Aspca 401(k) Retirement Plan | The American Society for the Prevention of Cruelty to Animals | NY | DC | 1,691 | $162M | $95,529 | $5,959 | $24.72 |
| Vetevolve 401(k) Plan | Vetevolve Holdings, LLC | MD | DC | 1,112 | $14.7M | $13,178 | $477 | $117 |
| Pieper-Olson Vet Hospital Employees Plan | Pieper-Olson Vet Hospital, LLC | CT | DC | 1,039 | $25.5M | $24,567 | $1,555 | $110 |
| Amvc 401(k) Profit Sharing Plan | Amvc Employee Services, LLC | IA | DC | 940 | $27.9M | $29,669 | $853 | $145 |
| Veritas Veterinary Partners Retirement Plan | GSV Holding, LLC | NJ | DC | 849 | $45.2M | $53,224 | $2,779 | $31.33 |
| Wellhaven Pet Health 401(k) Plan | Wellhaven Pet Health, LLC | WA | DC | 773 | $6.3M | $8,141 | $474 | $44.15 |
| Lap of Love Retirement Plan | Lap of Love Services LLC | FL | DC | 761 | $14.3M | $18,817 | $1,349 | $69.81 |
| Evervet 401(k) Retirement Plan | Evervet Operations, LLC | PA | DC | 753 | $13.2M | $17,477 | $2,007 | $143 |
| Heart + Paw 401(k) Plan | Heart + Paw Intermediate Holdings, LLC | PA | DC | 533 | $9.1M | $17,113 | $2,065 | — |
| Indevets 401(k) Plan | Veterinary Staffing Solutions, LLC | PA | DC | 494 | $14.0M | $28,263 | $4,260 | $107 |
| Mount Laurel Veterinary Services 401(k) Plan | Mount Laurel Veterinary Services | NJ | DC | 460 | $15.8M | $34,427 | $2,354 | — |
| Animal Dermatology 401(k) Plan | Animal Dermatology Group, Inc. | CA | DC | 459 | $18.7M | $40,669 | $2,175 | $3.61 |
| Oradell Animal Hospital, Inc. Profit Sharing Plan | Oradell Animal Hospital, Inc. | NJ | DC | 403 | $26.3M | $65,177 | $2,139 | $185 |
| Rood, Riddle & Partners, P.S.C. Savings and Retirement Plan | Rood, Riddle & Partners, P.S.C. | KY | DC | 396 | $38.1M | $96,304 | $1,971 | $392 |
| Ocean State Veterinary Specialists 401(k) Profit Sharing Plan | Ocean State Veterinary Specialists, | RI | DC | 364 | $27.1M | $74,376 | $2,641 | $43.16 |
| The Dovelewis 403(b) Plan | Dovelewis Emergency Animal Hospital | OR | DC | 356 | $12.7M | $35,627 | — | $98.00 |
| Surgical Referral Services, Ltd. 401(k) Profit Sharing Plan | Surgical Referral Services, Ltd. | IL | DC | 345 | $22.9M | $66,291 | $2,463 | $206 |
| Animal Emergency & Referral Center of Minnesota 401(k) Profit Sharing Plan and Trust | Animal Emergency & Referral Center of Minnesota | MN | DC | 335 | $18.1M | $53,993 | $2,380 | $192 |
| Oakland Veterinary Referral Services 401(k) Plan | Oakland Veterinary Referral Services | MI | DC | 319 | $12.2M | $38,119 | $0 | $141 |
By plan size
By state
Questions and answers
How many retirement plans are there in veterinary services?
75 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 168 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in veterinary services?
The median defined contribution plan reported $19,498 in net assets per participant (middle half of plans: $15,267 to $36,732); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in veterinary services?
The median defined contribution plan received $1,555 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in veterinary services?
Among defined contribution plans that report any Schedule C compensation, the median was $78.89 per participant and 0.36% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.