Plan Ledger DOL Form 5500 · updated monthly

Valley Health System403(b)

VALLEY HEALTH SYSTEM EMPLOYEE CONTRIBUTORY 403(B) PLAN · WINCHESTER, VA · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Valley Health System reported $501,569 in plan administrative expenses for 2024: 0.10% of average plan assets, above the peer median. Employer contributions averaged $2,473 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 0.10%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 67th-largest of 2,266 plans among Virginia employers on file, and the 308th of 11,911 in health care & social assistance. In 2024, employees put in $1.71 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$541,984,429
Participants with balances9,530
Active participants6,268
Employer contributions$15,503,780
Employee contributions$26,546,748
Employer contribution per active participant$2,473
Average account balance$56,871
Benefits paid to participants$48,503,255
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$542.0M · 9,530 accts · $15.5M emplr
2023$489.2M · 6,595 accts · $15.3M emplr
2022$419.2M · 5,867 accts · $14.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$417,106
Investment management$84,463
Total administrative$501,569
Employer contributions to the Valley Health System plan · 2024
Employer contribution per active participant$2,473
Median for plans this size$4,294
2024$2,473 per active participant
2023$2,470 per active participant
2022$2,391 per active participant

Valley Health System's 2024 employer contribution ran below the $4,294 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
LINCOLN NATIONAL CORPORATION · Contract administrator$409,175
CAPFINANCIAL PARTNERS, LLC · Investment advisory (plan)$84,463
VARIABLE ANNUITY LIFE INSURANCE CO · Contract administrator$7,931

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$501,569 · 0.10%
2023$384,727 · 0.08%
2022$426,037 · 0.09%
Same employer
Similar plansHealth Care & Social Assistance · Virginia
Sentara Healthcare VA$3.7B · 0.05%
Inova Health System VA$3.5B · 0.04%
Carilion Clinic VA$822.2M · 0.14%
Centra Health, Inc. VA$747.0M · 0.07%
Sentara Holdings, Inc. VA$435.4M · 0.08%
Mary Washington Healthcare VA$400.3M · 0.08%
Sunrise Senior Living, LLC VA$360.1M · 0.49%

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 521357729 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.