Plan Ledger DOL Form 5500 · updated monthly

Neighborhood Health401(k)

NEIGHBORHOOD HEALTH EMPLOYEES SAVINGS PLAN · ALEXANDRIA, VA · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Neighborhood Health reported $66,203 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,204 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 0.69% to 0.52%. 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 (1,229th of 2,266), and the 4,615th of 11,911 in health care & social assistance. In 2024, employees put in $2.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,323,341
Participants with balances452
Active participants309
Employer contributions$680,988
Employee contributions$1,619,862
Employer contribution per active participant$2,204
Average account balance$31,689
Benefits paid to participants$869,494
Plan auditUnmodified (clean) audit opinion
AuditorMATTHEWS CARTER & BOYCE
Plan history3
Yearassets · accounts · employer contribution
2024$14.3M · 452 accts · $681K emplr
2023$11.3M · 417 accts · $736K emplr
2022$8.3M · 380 accts · $513K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,731
Investment management$14,472
Total administrative$66,203
The Neighborhood Health 401(k) match · 2024
Employer contribution per active participant$2,204
Median for plans this size$2,416
2024$2,204 per active participant
2023$2,505 per active participant
2022$1,758 per active participant

Neighborhood Health'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 · 20242
ADP, INC. · Loan processing · Recordkeeping$51,730
CONTRARY INVESTMENT ADVISORS, LLC · Recordkeeping · Trustee$14,472

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

Recordkeeper by year2
2024ADP, CONTRARY INVESTMENT ADVISORS, LLC
2023ADP, CONTRARY INVESTMENT ADVISORS, LLC

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

Administrative cost history3
2024$66,203 · 0.52%
2023$64,782 · 0.66%
2022$58,673 · 0.69%
Same employer
Similar plansHealth Care & Social Assistance · Virginia
Asca Foundation VA$13.6M · 0.77%
Retirement Unlimited, Inc. VA$13.3M · 1.22%
Johnson Health Center VA$13.3M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541849891 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.