Plan Ledger DOL Form 5500 · updated monthly

Total Action Against Poverty in Roanoke Valley, Inc.401(k)

TOTAL ACTION AGAINST POVERTY IN ROANOKE VALLEY, INC. RETIREMENT AND 401(K) SAVINGS PLAN · ROANOKE, VA · plan year 2024

Reported admin expense ratio · 2024
1.28%

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

Total Action Against Poverty in Roanoke Valley, Inc. reported $74,340 in plan administrative expenses for 2024: 1.28% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,020 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 0.58% to 1.28%. 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 (1,731st of 2,266), and 2,134th of 3,341 in other services. In 2024, the employer put in $1.49 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$6,115,991
Participants with balances499
Active participants242
Employer contributions$488,941
Employee contributions$328,599
Employer contribution per active participant$2,020
Average account balance$12,256
Benefits paid to participants$787,900
Plan auditUnmodified (clean) audit opinion
AuditorBROWN EDWARDS AND CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 499 accts · $489K emplr
2023$5.5M · 516 accts · $450K emplr
2022$5.2M · 456 accts · $453K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,331
Investment management$15,009
Total administrative$74,340
The Total Action Against Poverty in Roanoke Valley, Inc. 401(k) match · 2024
Employer contribution per active participant$2,020
Median for plans this size$1,313
2024$2,020 per active participant
2023$1,698 per active participant
2022$1,698 per active participant

Total Action Against Poverty in Roanoke Valley, 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 · 20243
WILBANKS SMITH & THOMAS ASSET MANAG · Investment advisory (plan)$13,916
MOSES BUYER HOLDINGS INC DBA CLEARS · Investment advisory (plan)$1,093

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$74,340 · 1.28%
2023$76,529 · 1.43%
2022$33,182 · 0.58%
Similar plansOther Services · Virginia
The Mariners' Museum VA$6.8M · 0.95%
Richfield Living VA$6.0M · 1.08%
Pathway Homes, Inc VA$5.8M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 546057095 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.