Plan Ledger DOL Form 5500 · updated monthly

Northern Virginia Family Service, Inc.401(k)

NVFS 401(K) PLAN · OAKTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Northern Virginia Family Service, Inc. reported $112,067 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,739 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 0.03% to 0.50%. 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 the 884th-largest of 2,266 plans among Virginia employers on file, and the 3,266th of 11,911 in health care & social assistance. In 2024, employees put in $1.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,872,601
Participants with balances475
Active participants324
Employer contributions$887,560
Employee contributions$1,128,886
Employer contribution per active participant$2,739
Average account balance$50,258
Benefits paid to participants$1,662,253
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$23.9M · 475 accts · $888K emplr
2023$20.9M · 486 accts · $1.2M emplr
2022$17.6M · 480 accts · $753K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$112,067
Total administrative$112,067
The Northern Virginia Family Service, Inc. 401(k) match · 2024
Employer contribution per active participant$2,739
Median for plans this size$2,416
2024$2,739 per active participant
2023$3,845 per active participant
2022$2,316 per active participant

Northern Virginia Family Service, Inc.'s 2024 employer contribution ran above 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$112,067
TRUIST ADVISORY SERVICES, INC. · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)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$112,067 · 0.50%
2023$20,923 · 0.11%
2022$6,174 · 0.03%
Same employer
Similar plansHealth Care & Social Assistance · Virginia
Anchor Healthcare, P.L.C. VA$25.3M · 0.24%
The Amyotrophic Lateral VA$24.3M · 0.07%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 540791977 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.