Plan Ledger DOL Form 5500 · updated monthly

Blue Ridge Community Health Services Inc.403(b)

BLUE RIDGE COMMUNITY HEALTH SERVICES INC. EMPLOYER'S 403(B) PLAN · HENDERSONVILLE, NC · plan year 2024

Reported admin expense ratio · 2024
0.80%

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

Blue Ridge Community Health Services Inc. reported $118,224 in plan administrative expenses for 2024: 0.80% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,095 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 1.00% to 0.80%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 822nd-largest of 2,005 plans among North Carolina employers on file, and the 4,183rd of 11,911 in health care & social assistance. In 2024, employees put in $2.63 for every $1.00 the employer contributed; active participation has grown from 587 to 696 since 2022.

Plan summary
Net assets, end of year$16,661,356
Participants with balances748
Active participants696
Employer contributions$762,041
Employee contributions$2,005,849
Employer contribution per active participant$1,095
Average account balance$22,275
Benefits paid to participants$1,070,040
Plan auditUnmodified (clean) audit opinion
AuditorTERRY HORNE, CPA
Plan history3
Yearassets · accounts · employer contribution
2024$16.7M · 748 accts · $762K emplr
2023$13.0M · 698 accts · $659K emplr
2022$9.8M · 629 accts · $603K emplr
Administrative expenses, itemized · 2024
Investment management$118,224
Total administrative$118,224
Employer contributions to the Blue Ridge Community Health Services Inc. plan · 2024
Employer contribution per active participant$1,095
Median for plans this size$2,416
2024$1,095 per active participant
2023$1,022 per active participant
2022$1,028 per active participant

Blue Ridge Community Health Services Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 · 20244
COLTON GROOME FINANCIAL ADVISORS · Investment advisory (plan)$48,449
EMPOWER ADVISORY GROUP, LLC · Investment management$11,099
NOVA 401(K) ASSOCIATES · Contract administrator$10,725

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

Administrative cost history3
2024$118,224 · 0.80%
2023$102,271 · 0.90%
2022$85,706 · 1.00%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Rowan Diagnostic Clinic, PA NC$16.2M · 0.53%
Goshen Medical Center, Inc. NC$16.2M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560794933 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.