Plan Ledger DOL Form 5500 · updated monthly

Ohio Valley Physicians, Inc.401(k)

OHIO VALLEY PHYSICIANS, INC. 401(K) PLAN · HUNTINGTON, WV · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Ohio Valley Physicians, Inc. reported $42,812 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $3,453 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 0.11% to 0.39%. 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 126th-largest of 265 plans among West Virginia employers on file, and the 5,201st of 11,911 in health care & social assistance. In 2024, employees put in $1.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,817,774
Participants with balances334
Active participants200
Employer contributions$690,632
Employee contributions$1,066,240
Employer contribution per active participant$3,453
Average account balance$35,383
Benefits paid to participants$1,689,219
Plan auditUnmodified (clean) audit opinion
AuditorKELLEY GALLOWAY SMITH GOOLSBY, PSC
Plan history3
Yearassets · accounts · employer contribution
2024$11.8M · 334 accts · $691K emplr
2023$10.3M · 394 accts · $654K emplr
2022$7.9M · 324 accts · $559K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,226
Investment management$14,586
Total administrative$42,812
The Ohio Valley Physicians, Inc. 401(k) match · 2024
Employer contribution per active participant$3,453
Median for plans this size$2,416
2024$3,453 per active participant
2023$3,219 per active participant
2022$3,070 per active participant

Ohio Valley Physicians, 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$20,125
M2B RETIREMENT CONSULTING, LLC · Contract administrator · Other services$8,100
RAYMOND JAMES & ASSOCIATES INC · Investment advisory (plan)$7,050

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$42,812 · 0.39%
2023$9,311 · 0.10%
2022$8,478 · 0.11%
Same employer
Similar plansHealth Care & Social Assistance · West Virginia
Commercial Holdings, LLC WV$12.0M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311778412 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.