Plan Ledger DOL Form 5500 · updated monthly

Dentistry Vcu401(k)

DENTISTRY@VCU 401(K) RETIREMENT PLAN · RICHMOND, VA · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Dentistry Vcu reported $58,449 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $3,144 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 0.53% to 0.43%. 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 among the smaller plans on file in Virginia (1,198th of 2,266), and the 4,538th of 11,911 in health care & social assistance. In 2024, employees put in $1.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,776,098
Participants with balances204
Active participants186
Employer contributions$584,720
Employee contributions$813,348
Employer contribution per active participant$3,144
Average account balance$72,432
Benefits paid to participants$827,617
Plan auditUnmodified (clean) audit opinion
AuditorMEADOWS URQUHART ACREE & COOK, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$14.8M · 204 accts · $585K emplr
2023$12.5M · 190 accts · $713K emplr
2022$10.2M · 171 accts · $695K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,518
Investment management$46,605
Trustee / custodial$5,326
Total administrative$58,449
The Dentistry Vcu 401(k) match · 2024
Employer contribution per active participant$3,144
Median for plans this size$2,416
2024$3,144 per active participant
2023$3,963 per active participant
2022$3,715 per active participant

Dentistry Vcu's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
NEWPORT GROUP, INC. · Recordkeeping · Investment advisory (plan)$6,518
SIMA RETIREMENT SOLUTIONS, LLC · Investment advisory (participants)$46,605
NEWPORT TRUST COMPANY · Trustee · Trustee (directed)$5,326

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$58,449 · 0.43%
2023$56,134 · 0.49%
2022$58,994 · 0.53%
Same employer
Similar plansHealth Care & Social Assistance · Virginia
Ncgcare, Inc. VA$15.1M · 0.80%
Buchanan General Hospital VA$15.1M · 0.58%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 541590300 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.