Plan Ledger DOL Form 5500 · updated monthly

Children's Health System, Inc.401(k)

CHILDREN'S HEALTH SYSTEM, INC. 401(K) PLAN · NORFOLK, VA · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Children's Health System, Inc. reported $614,050 in plan administrative expenses for 2024: 0.21% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,246 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 has held roughly steady near 0.21%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 110th-largest of 2,266 plans among Virginia employers on file, and the 466th of 11,911 in health care & social assistance. In 2024, employees put in $2.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$321,798,651
Participants with balances3,806
Active participants4,204
Employer contributions$9,441,414
Employee contributions$21,136,953
Employer contribution per active participant$2,246
Average account balance$84,550
Benefits paid to participants$24,733,017
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$321.8M · 3,806 accts · $9.4M emplr
2023$275.4M · 3,617 accts · $8.2M emplr
2022$229.2M · 3,399 accts · $7.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$611,450
Total administrative$614,050
The Children's Health System, Inc. 401(k) match · 2024
Employer contribution per active participant$2,246
Median for plans this size$4,294
2024$2,246 per active participant
2023$1,991 per active participant
2022$2,024 per active participant

Children's Health System, Inc.'s 2024 employer contribution ran below the $4,294 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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$611,450
WILLCOX SAVAGE · Legal$1,887
KPMG LLP · Other servicesindirect comp
NFP RETIREMENT, INC. · Consultingindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$614,050 · 0.21%
2023$537,580 · 0.21%
2022$496,688 · 0.20%
All plans at this employer2
CHILDREN'S HEALTH SYSTEM, INC. 401(K) PLAN401(k)
CHILDREN'S HEALTH SYSTEM, INC. DEFINED CONTRIBUTION PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · Virginia
Sentara Holdings, Inc. VA$435.4M · 0.08%
Mary Washington Healthcare VA$400.3M · 0.08%
Sunrise Senior Living, LLC VA$360.1M · 0.49%
Patient First Corporation VA$286.3M · 0.13%
Orthovirginia, Inc. VA$273.9M · 0.07%
Uva Community Health VA$218.7M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541278830 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.