Plan Ledger DOL Form 5500 · updated monthly

Children's Home Society of West VirginiaProfit-sharing plan

CHILDREN'S HOME SOCIETY OF WV, INC. PROFIT SHARING PLAN · CHARLESTON, WV · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Children's Home Society of West Virginia reported $29,160 in plan administrative expenses for 2024: 0.44% of average plan assets, below the peer median. Employer contributions averaged $2,984 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 1.43% to 0.44%. 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 West Virginia (165th of 265), and 6,832nd of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$7,081,475
Participants with balances346
Active participants264
Employer contributions$787,665
Employee contributions—
Employer contribution per active participant$2,984
Average account balance$20,467
Benefits paid to participants$498,737
Plan auditUnmodified (clean) audit opinion
AuditorHERMAN & CORMANY, CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$7.1M · 346 accts · $788K emplr
2023$6.1M · 341 accts · $791K emplr
2022$5.0M · 341 accts · $547K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,675
Investment management$20,485
Total administrative$29,160
Employer contributions to the Children's Home Society of West Virginia plan · 2024
Employer contribution per active participant$2,984
Median for plans this size$1,313
2024$2,984 per active participant
2023$3,066 per active participant
2022$2,213 per active participant

Children's Home Society of West Virginia's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20242
JACKSON & KELLY · Contract administrator$8,675
MCKINLEY CARTER WEALTH SERVICES INC$20,432

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$29,160 · 0.44%
2023$73,971 · 1.34%
2022$83,431 · 1.43%
All plans at this employer2
CHILDREN'S HOME SOCIETY OF WV, INC. PROFIT SHARING PLANProfit-sharing plan
CHILDREN'S HOME SOCIETY OF WEST VIRGINIA 403(B) PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · West Virginia
Change, Incorporated WV$7.4M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550360199 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.