Plan Ledger DOL Form 5500 · updated monthly

Old Dominion University Research Foundation403(b)

OLD DOMINION UNIVERSITY RESEARCH FOUNDATION TAX-SHELTERED RETIREMENT PLAN · NORFOLK, VA · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Old Dominion University Research Foundation reported $102,035 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $801 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 0.35% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 781st-largest of 2,266 plans among Virginia employers on file, and the 784th of 3,341 in other services. In 2024, the employer put in $1.25 for every $1.00 employees contributed themselves; active participation has shrunk from 1,075 to 871 since 2022.

Plan summary
Net assets, end of year$27,807,279
Participants with balances407
Active participants871
Employer contributions$697,579
Employee contributions$559,388
Employer contribution per active participant$801
Average account balance$68,323
Benefits paid to participants$3,576,855
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$27.8M · 407 accts · $698K emplr
2023$27.4M · 423 accts · $876K emplr
2022$25.8M · 431 accts · $772K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$102,035
Total administrative$102,035
Employer contributions to the Old Dominion University Research Foundation plan · 2024
Employer contribution per active participant$801
Median for plans this size$2,416
2024$801 per active participant
2023$771 per active participant
2022$719 per active participant

Old Dominion University Research Foundation's 2024 employer contribution ran below the $2,416 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 · 20246
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$125,758
LINCOLN-APS · Contract administrator$700
VARIABLE ANNUITY LIFE INSURANCE CO · Investment advisory (participants) · Investment management$90
RESOURCE 1, INC. · Investment advisory (plan)indirect comp
AXA EQUITABLE LIFE INSURANCE CO · Trustee (directed) · Investment managementindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)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$102,035 · 0.37%
2023$95,599 · 0.36%
2022$84,560 · 0.35%
Same employer
Similar plansOther Services · Virginia
Pyramid Systems, Inc. VA$29.5M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 546068198 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.