Plan Ledger DOL Form 5500 · updated monthly

Rappahannock Goodwill Industries, Inc.403(b)

RAPPAHANNOCK GOODWILL INDUSTRIES, INC. RETIREMENT PLAN · FREDERICKSBURG, VA · plan year 2023

Reported admin expense ratio · 2023
0.10%

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

Rappahannock Goodwill Industries, Inc. reported $2,673 in plan administrative expenses for 2023: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $120 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 0.09% to 0.10%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Virginia (2,015th of 2,266), and 9,412th of 11,911 in health care & social assistance. In 2023, employees put in $2.44 for every $1.00 the employer contributed; active participation has shrunk from 397 to 329 since 2022.

Plan summary
Net assets, end of year$2,793,997
Participants with balances156
Active participants329
Employer contributions$39,576
Employee contributions$96,541
Employer contribution per active participant$120
Average account balance$17,910
Benefits paid to participants$272,082
Plan auditUnmodified (clean) audit opinion
AuditorKEITER STEPHENS HURST GARY SHREAVES
Plan history3
Yearassets · accounts · employer contribution
2024$2.5M · 89 accts · $40K emplr
2023$2.8M · 156 accts · $40K emplr
2022$2.5M · 160 accts · $41K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$2,673
Total administrative$2,673
Employer contributions to the Rappahannock Goodwill Industries, Inc. plan · 2023
Employer contribution per active participant$120
Median for plans this size$1,308
2024$150 per active participant
2023$120 per active participant
2022$104 per active participant

Rappahannock Goodwill Industries, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
FIDELITY INVESTMENTS · Loan processing$2,673

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$2,630 · 0.10%
2023$2,673 · 0.10%
2022$2,836 · 0.09%
Similar plansHealth Care & Social Assistance · Virginia
Goodwill Services, Inc. VA$2.9M · 0.16%
Vernon J Harris East End VA$2.8M · 1.04%
Martha Jefferson House VA$2.2M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540808744 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.