Plan Ledger DOL Form 5500 · updated monthly

Nmcgr Foundation401(k)

NMCGRF/VH 401(K) PLAN · MCLEAN, VA · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Nmcgr Foundation reported $10,901 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $580 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 0.12% to 0.11%. 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 (1,458th of 2,266), and the 5,669th of 11,911 in health care & social assistance. In 2024, employees put in $6.77 for every $1.00 the employer contributed; active participation has grown from 261 to 302 since 2022.

Plan summary
Net assets, end of year$10,066,483
Participants with balances335
Active participants302
Employer contributions$175,187
Employee contributions$1,186,472
Employer contribution per active participant$580
Average account balance$30,049
Benefits paid to participants$2,220,354
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.1M · 335 accts · $175K emplr
2023$9.9M · 319 accts · $165K emplr
2022$7.9M · 304 accts · $147K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,481
Investment management$4,420
Total administrative$10,901
The Nmcgr Foundation 401(k) match · 2024
Employer contribution per active participant$580
Median for plans this size$1,313
2024$580 per active participant
2023$638 per active participant
2022$562 per active participant

Nmcgr Foundation's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$6,481

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$10,901 · 0.11%
2023$10,248 · 0.12%
2022$9,441 · 0.12%
Similar plansHealth Care & Social Assistance · Virginia
Caresave Technologies, Inc VA$11.2M · 0.60%
The Virginia Home VA$10.6M · 0.64%
Covenant Woods VA$10.4M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273032859 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.