Plan Ledger DOL Form 5500 · updated monthly

Eastern Shore Rural Health System, Inc.403(b)

EASTERN SHORE RURAL HEALTH SYSTEM, INC. 403(B) PLAN · ONANCOCK, VA · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Eastern Shore Rural Health System, Inc. reported $56,995 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $1,563 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 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 966th-largest of 2,266 plans among Virginia employers on file, and the 1,027th of 3,341 in other services. In 2024, employees put in $3.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,810,003
Participants with balances343
Active participants344
Employer contributions$537,659
Employee contributions$1,679,938
Employer contribution per active participant$1,563
Average account balance$60,671
Benefits paid to participants$2,763,118
Plan auditUnmodified (clean) audit opinion
AuditorBROWN, EDWARDS & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$20.8M · 343 accts · $538K emplr
2023$19.3M · 370 accts · $513K emplr
2022$16.6M · 319 accts · $488K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,420
Investment management$48,575
Total administrative$56,995
Employer contributions to the Eastern Shore Rural Health System, Inc. plan · 2024
Employer contribution per active participant$1,563
Median for plans this size$2,416
2024$1,563 per active participant
2023$1,470 per active participant
2022$1,555 per active participant

Eastern Shore Rural Health System, Inc.'s 2024 employer contribution ran below 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
DAVENPORT & COMPANY LLC · Investment advisory (plan)$48,575
PBMARES, LLP · Contract administrator$5,100

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$56,995 · 0.28%
2023$49,448 · 0.28%
2022$53,234 · 0.29%
Same employer
Similar plansOther Services · Virginia
Operation Smile, Inc. VA$23.3M · 0.11%
Nami VA$20.9M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510196935 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.