Plan Ledger DOL Form 5500 · updated monthly

Peninsula Institute for Community Health, Inc403(b)

PENINSULA INSTITUTE FOR COMMUNITY HEALTH INC 403(B) PLAN · NEWPORT NEWS, VA · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Peninsula Institute for Community Health, Inc reported $48,358 in plan administrative expenses for 2024: 0.52% of average plan assets, below the peer median. Employer contributions averaged $1,910 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 0.63% to 0.52%. 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 (1,469th of 2,266), and the 5,744th of 11,911 in health care & social assistance. In 2024, employees put in $2.40 for every $1.00 the employer contributed; active participation has shrunk from 170 to 122 since 2022.

Plan summary
Net assets, end of year$9,874,363
Participants with balances188
Active participants122
Employer contributions$232,980
Employee contributions$560,024
Employer contribution per active participant$1,910
Average account balance$52,523
Benefits paid to participants$523,557
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 188 accts · $233K emplr
2023$8.7M · 186 accts · $450K emplr
2022$7.9M · 193 accts · $579K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,358
Total administrative$48,358
Employer contributions to the Peninsula Institute for Community Health, Inc plan · 2024
Employer contribution per active participant$1,910
Median for plans this size$1,313
2024$1,910 per active participant
2023$2,631 per active participant
2022$3,408 per active participant

Peninsula Institute for Community Health, Inc's 2024 employer contribution ran above the $1,313 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$47,503
EQUITABLE FINANCIAL LIFE INSURANCE · Trustee (directed) · Investment management$954
RESOURCE 1, INC. · Investment advisory (plan)indirect comp
WILSHIRE ASSOCIATES INCORPORATED · 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$48,358 · 0.52%
2023$49,735 · 0.60%
2022$54,140 · 0.63%
Similar plansHealth Care & Social Assistance · Virginia
The Virginia Home VA$10.6M · 0.64%
Covenant Woods VA$10.4M · 0.05%
Nmcgr Foundation VA$10.1M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541083954 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.