Plan Ledger DOL Form 5500 · updated monthly

Masonic Home of Virginia403(b)

MASONIC HOME OF VIRGINIA EMPLOYEE BENEFITS PLAN · HENRICO, VA · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Masonic Home of Virginia reported $44,133 in plan administrative expenses for 2024: 0.58% of average plan assets, above the peer median. Employer contributions averaged $1,513 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 0.05% to 0.58%. 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 (1,603rd of 2,266), and 6,463rd of 11,911 in health care & social assistance. In 2024, employees put in $1.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,975,381
Participants with balances208
Active participants162
Employer contributions$245,146
Employee contributions$438,728
Employer contribution per active participant$1,513
Average account balance$38,343
Benefits paid to participants$713,572
Plan auditUnmodified (clean) audit opinion
AuditorKEITER
Plan history3
Yearassets · accounts · employer contribution
2024$8.0M · 208 accts · $245K emplr
2023$7.2M · 178 accts · $230K emplr
2022$6.6M · 199 accts · $134K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,702
Investment management$5,881
Total administrative$44,133
Employer contributions to the Masonic Home of Virginia plan · 2024
Employer contribution per active participant$1,513
Median for plans this size$1,313
2024$1,513 per active participant
2023$1,478 per active participant
2022$770 per active participant

Masonic Home of Virginia's 2024 employer contribution ran above 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 · 20243
KEITER$5,881
NORTHWESTERN MUTUAL INVESTMENT SERVindirect 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$44,133 · 0.58%
2023$34,286 · 0.50%
2022$3,740 · 0.05%
Same employer
Similar plansHealth Care & Social Assistance · Virginia
SOAR365 VA$7.7M · 0.06%
Kissito Healthcare, Inc. VA$7.7M · 0.21%
St. Josephs Villa VA$7.6M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540541802 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.