Plan Ledger DOL Form 5500 · updated monthly

Bayview Physician Services , P.C.401(k)

BAYVIEW PHYSICIAN SERVICES, P.C. 401K PROFIT SHARING PLAN · CHESAPEAKE, VA · plan year 2025

Reported admin expense ratio · 2025
0.00%

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

Bayview Physician Services , P.C. reported $3,609 in plan administrative expenses for 2025: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,701 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 3 years on file its reported administrative ratio rose from 0.002% to 0.003%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 242nd-largest of 2,266 plans among Virginia employers on file, and the 938th of 11,911 in health care & social assistance. In 2025, employees put in $2.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$120,335,202
Participants with balances315
Active participants296
Employer contributions$1,983,464
Employee contributions$4,308,608
Employer contribution per active participant$6,701
Average account balance$382,017
Benefits paid to participants$12,369,714
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$120.3M · 315 accts · $2.0M emplr
2024$112.9M · 330 accts · $1.9M emplr
2023$101.6M · 323 accts · $1.8M emplr
2022$89.1M · 336 accts · $1.7M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$3,609
Total administrative$3,609
The Bayview Physician Services , P.C. 401(k) match · 2025
Employer contribution per active participant$6,701
Median for plans this size$4,093
2025$6,701 per active participant
2024$7,020 per active participant
2023$7,423 per active participant
2022$6,147 per active participant

Bayview Physician Services , P.C.'s 2025 employer contribution ran above the $4,093 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
CHERRY BEKAERT LLP · Contract administratorindirect comp
LPL FINANCIAL LLCindirect comp

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

Administrative cost history4
2025$3,609 · 0.00%
2024$2,350 · 0.00%
2023$1,621 · 0.00%
2022$1,762 · 0.00%
Similar plansHealth Care & Social Assistance · Virginia
Augusta Health Care VA$149.3M · 0.10%
Servicesource, Inc. VA$124.5M · 0.18%
Acuity International, LLC VA$117.3M · 0.19%
Acuity International, LLC VA$108.8M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541595397 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.