Plan Ledger DOL Form 5500 · updated monthly

Commonwealth Primary Care, Inc.401(k)

COMMONWEALTH PRIMARY CARE, INC. 401(K) PROFIT SHARING PLAN AND TRUST · RICHMOND, VA · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Commonwealth Primary Care, Inc. reported $132,205 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $6,661 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 0.35% to 0.33%. 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 569th-largest of 2,266 plans among Virginia employers on file, and the 2,173rd of 11,911 in health care & social assistance. In 2024, the employer put in $1.13 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$41,662,144
Participants with balances274
Active participants211
Employer contributions$1,405,493
Employee contributions$1,244,122
Employer contribution per active participant$6,661
Average account balance$152,052
Benefits paid to participants$4,284,778
Plan auditUnmodified (clean) audit opinion
AuditorHARRIS, HARDY & JOHNSTONE, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$41.7M · 274 accts · $1.4M emplr
2023$38.7M · 272 accts · $1.4M emplr
2022$33.3M · 260 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,540
Investment management$98,209
Total administrative$132,205
The Commonwealth Primary Care, Inc. 401(k) match · 2024
Employer contribution per active participant$6,661
Median for plans this size$2,416
2024$6,661 per active participant
2023$7,142 per active participant
2022$7,222 per active participant

Commonwealth Primary Care, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20243
ASCENSUS, INC. · Contract administrator · Recordkeeping$27,808
EMPLOYEE BENEFITS SERVICES · Contract administrator · Recordkeeping$6,830
WELLS FARGO ADVISORS · Investment advisory (participants) · Investment advisory (plan)$98,209

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

Recordkeeper by year2
2024Ascensus, EMPLOYEE BENEFITS SERVICES
2023Ascensus, EMPLOYEE BENEFITS SERVICES

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

Administrative cost history3
2024$132,205 · 0.33%
2023$132,840 · 0.37%
2022$123,095 · 0.35%
Same employer
Similar plansHealth Care & Social Assistance · Virginia
Vistar Eye Center, Inc. VA$46.7M · 0.12%
Thrive Counseling LLC VA$41.1M · 0.64%
Capital Hospice VA$40.4M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540965697 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.