Plan Ledger DOL Form 5500 · updated monthly

Sands Anderson PC401(k)

SANDS ANDERSON PC PROFIT SHARING PLAN · RICHMOND, VA · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Sands Anderson PC reported $102,873 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $6,243 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 3 years on file its reported administrative ratio has held roughly steady near 0.213%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 482nd-largest of 2,266 plans among Virginia employers on file, and the 2,715th of 11,654 in professional & technical services. In 2024, employees put in $2.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$51,073,878
Participants with balances215
Active participants134
Employer contributions$836,563
Employee contributions$1,786,580
Employer contribution per active participant$6,243
Average account balance$237,553
Benefits paid to participants$5,135,332
Plan auditUnmodified (clean) audit opinion
AuditorMEADOWS URQUHART ACREE & COOK,
Plan history3
Yearassets · accounts · employer contribution
2024$51.1M · 215 accts · $837K emplr
2023$45.7M · 229 accts · $749K emplr
2022$37.6M · 224 accts · $670K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,238
Investment management$99,635
Total administrative$102,873
The Sands Anderson PC 401(k) match · 2024
Employer contribution per active participant$6,243
Median for plans this size$2,416
2024$6,243 per active participant
2023$5,995 per active participant
2022$5,275 per active participant

Sands Anderson PC's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20242
WELLS FARGO ADVISORS LLC · Investment advisory (plan)$99,634
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$3,238

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$102,873 · 0.21%
2023$84,124 · 0.20%
2022$94,488 · 0.21%
Same employer
Similar plansProfessional & Technical Services · Virginia
Management Concepts VA$50.9M · 0.15%
Probity, Inc. VA$50.5M · 0.27%
Ad Hoc LLC VA$49.9M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541175852 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.