Plan Ledger DOL Form 5500 · updated monthly

St. Mary's Home for Disabled Children, Inc.403(b)

ST. MARY'S HOME FOR DISABLED CHILDREN, INC. SUPPLEMENTAL RETIREMENT PLAN · NORFOLK, VA · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

St. Mary's Home for Disabled Children, Inc. reported $50,353 in plan administrative expenses for 2024: 0.66% of average plan assets, above the peer median. Employer contributions averaged $502 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 0.53% to 0.66%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Virginia (1,616th of 2,266), and 1,911th of 3,341 in other services. In 2024, employees put in $4.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,688,330
Participants with balances322
Active participants304
Employer contributions$152,483
Employee contributions$645,142
Employer contribution per active participant$502
Average account balance$23,877
Benefits paid to participants$1,825,565
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 322 accts · $152K emplr
2023$7.7M · 361 accts · $147K emplr
2022$6.4M · 368 accts · $123K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,353
Total administrative$50,353
Employer contributions to the St. Mary's Home for Disabled Children, Inc. plan · 2024
Employer contribution per active participant$502
Median for plans this size$1,313
2024$502 per active participant
2023$469 per active participant
2022$419 per active participant

St. Mary's Home for Disabled Children, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20244
LINCOLN RETIREMENT SERVICES · Recordkeeping$45,351
UBS FINANCIAL SERVICES, INC$20,105
PASI, LLC · Plan administrator$9,320
LINCOLN NATIONAL CORPORATION · Contract administrator$269

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Lincoln Financial
2023Lincoln Financial

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

Administrative cost history3
2024$50,353 · 0.66%
2023$40,819 · 0.58%
2022$36,539 · 0.53%
Same employer
Similar plansOther Services · Virginia
Close Up Foundation VA$9.1M · 0.35%
Bay Aging VA$7.1M · 0.36%
The Mariners' Museum VA$6.8M · 0.95%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540505952 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.