Plan Ledger DOL Form 5500 · updated monthly

Patient Advocate Foundation401(k)

PAF 401(K) PLAN · HAMPTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Patient Advocate Foundation reported $40,522 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $2,205 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 0.05% to 0.30%. 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 among the smaller plans on file in Virginia (1,187th of 2,266), and the 1,292nd of 3,341 in other services. In 2024, employees put in $2.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,908,674
Participants with balances219
Active participants232
Employer contributions$511,597
Employee contributions$1,027,507
Employer contribution per active participant$2,205
Average account balance$68,076
Benefits paid to participants$986,428
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.9M · 219 accts · $512K emplr
2023$12.3M · 264 accts · $504K emplr
2022$9.7M · 249 accts · $484K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,516
Investment management$34,006
Total administrative$40,522
The Patient Advocate Foundation 401(k) match · 2024
Employer contribution per active participant$2,205
Median for plans this size$2,416
2024$2,205 per active participant
2023$2,240 per active participant
2022$1,966 per active participant

Patient Advocate Foundation'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
DAVENPORT & COMPANY LLC · Recordkeeping · Trustee$34,006
ADP, INC. · Recordkeeping$6,516

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, DAVENPORT & COMPANY LLC
2023ADP, DAVENPORT & COMPANY LLC

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

Administrative cost history3
2024$40,522 · 0.30%
2023$51,464 · 0.47%
2022$4,750 · 0.05%
Same employer
Similar plansOther Services · Virginia
Moore & Giles VA$18.2M · 0.47%
Global Impact VA$15.8M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541806317 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.