Plan Ledger DOL Form 5500 · updated monthly

Barry Robinson Center403(b)

BARRY ROBINSON CENTER MATCHING TAX DEFERRED ANNUITY PLAN · NORFOLK, VA · plan year 2024

Reported admin expense ratio · 2024
0.78%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Barry Robinson Center reported $48,461 in plan administrative expenses for 2024: 0.78% of average plan assets, above the peer median. Employer contributions averaged $849 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.85% to 0.78%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Virginia (1,682nd of 2,266), and 6,993rd of 11,911 in health care & social assistance. In 2024, employees put in $2.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,743,169
Participants with balances516
Active participants281
Employer contributions$238,633
Employee contributions$714,211
Employer contribution per active participant$849
Average account balance$13,068
Benefits paid to participants$548,689
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.7M · 516 accts · $239K emplr
2023$5.7M · 429 accts · $234K emplr
2022$5.2M · 318 accts · $182K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,212
Investment management$11,249
Total administrative$48,461
Employer contributions to the Barry Robinson Center plan · 2024
Employer contribution per active participant$849
Median for plans this size$1,313
2024$849 per active participant
2023$829 per active participant
2022$663 per active participant

Barry Robinson Center's 2024 employer contribution ran below the $1,313 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
TRUSTAGE · Recordkeeping$31,176
WELLS FARGO ADVISORS · Investment advisory (participants)$11,249
PBMARES, LLP$6,036

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024TruStage (CUNA Mutual)
2023TruStage (CUNA Mutual)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$48,461 · 0.78%
2023$39,041 · 0.72%
2022$45,404 · 0.85%
Same employer
Similar plansHealth Care & Social Assistance · Virginia
The Medical Team, Inc. VA$6.8M · 1.06%
Tri-Area Community Health VA$6.3M · 0.20%
Capital Healthcare, PC VA$5.9M · 1.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541038721 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.