Plan Ledger DOL Form 5500 · updated monthly

Legal Aid Society of Eastern Virginia403(b)

LEGAL AID SOCIETY OF EASTERN VIRGINIA 403(B) CONTRIBUTORY TDA PLAN · NORFOLK, VA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Legal Aid Society of Eastern Virginia reported $1,774 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,694 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 1 year on file its reported administrative ratio fell from 0.038% to 0.036%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Virginia (1,802nd of 2,266), and 9,678th of 11,654 in professional & technical services. In 2024, the employer put in $2.06 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$5,317,691
Participants with balances142
Active participants60
Employer contributions$281,619
Employee contributions$136,608
Employer contribution per active participant$4,694
Average account balance$37,449
Benefits paid to participants$352,203
Plan auditUnmodified (clean) audit opinion
AuditorCHARLES W. SNADER,P.C
Plan history2
Yearassets · accounts · employer contribution
2024$5.3M · 142 accts · $282K emplr
2023$4.6M · 134 accts · $237K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,774
Total administrative$1,774
Employer contributions to the Legal Aid Society of Eastern Virginia plan · 2024
Employer contribution per active participant$4,694
Median for plans this size$1,313
2024$4,694 per active participant
2023$5,500 per active participant

Legal Aid Society of Eastern 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 · 20241
LINCOLN NATIONAL CORPORATION · Contract administrator$1,774

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

Administrative cost history2
2024$1,774 · 0.04%
2023$1,626 · 0.04%
Similar plansProfessional & Technical Services · Virginia
Threat Tec, LLC VA$5.4M · 0.82%
Movement Strategy, LLC VA$5.4M · 1.30%
Dextera Corporation VA$5.4M · 0.60%
Avertest, LLC VA$5.3M · 0.23%
Learning Pool Inc VA$5.2M · 0.08%
Freealliance.com LLC VA$5.2M · 0.76%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 540848499 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.