Plan Ledger DOL Form 5500 · updated monthly

Hospice of the Piedmont, Inc.403(b)

HOSPICE OF THE PIEDMONT, INC. 403(B) PLAN · CHARLOTTESVILLE, VA · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Hospice of the Piedmont, Inc. reported $37,057 in plan administrative expenses for 2024: 0.59% of average plan assets, above the peer median. Employer contributions averaged $1,101 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 rose from 0.12% to 0.59%. 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 Virginia (1,680th of 2,266), and 6,989th of 11,911 in health care & social assistance. In 2024, employees put in $3.31 for every $1.00 the employer contributed; active participation has grown from 182 to 202 since 2022.

Plan summary
Net assets, end of year$6,754,207
Participants with balances128
Active participants202
Employer contributions$222,435
Employee contributions$736,635
Employer contribution per active participant$1,101
Average account balance$52,767
Benefits paid to participants$1,218,468
Plan auditUnmodified (clean) audit opinion
AuditorGRAY GRIFFITH & MAYS, A.C.
Plan history3
Yearassets · accounts · employer contribution
2024$6.8M · 128 accts · $222K emplr
2023$5.8M · 112 accts · $221K emplr
2022$4.8M · 115 accts · $180K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,057
Total administrative$37,057
Employer contributions to the Hospice of the Piedmont, Inc. plan · 2024
Employer contribution per active participant$1,101
Median for plans this size$1,313
2024$1,101 per active participant
2023$1,199 per active participant
2022$987 per active participant

Hospice of the Piedmont, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$37,056
RESOURCES INVESTMENT ADVISORS · Investment advisory (plan)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$37,057 · 0.59%
2023$37,163 · 0.70%
2022$6,043 · 0.12%
Same employer
Similar plansHealth Care & Social Assistance · Virginia
The Medical Team, Inc. VA$6.8M · 1.06%
Barry Robinson Center VA$6.7M · 0.78%
Tri-Area Community Health VA$6.3M · 0.20%
Capital Healthcare, PC VA$5.9M · 1.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521205921 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.