Plan Ledger DOL Form 5500 · updated monthly

Vernon J Harris East End401(k)

CAPITAL AREA HEALTH NETWORK 401(K) PROFIT SHARING PLAN AND T · RICHMOND, VA · plan year 2024

Reported admin expense ratio · 2024
1.04%

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

Vernon J Harris East End reported $29,133 in plan administrative expenses for 2024: 1.04% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,029 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 0.26% to 1.04%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Virginia (2,013th of 2,266), and 9,410th of 11,911 in health care & social assistance. In 2024, employees put in $2.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,796,571
Participants with balances183
Active participants161
Employer contributions$165,667
Employee contributions$350,723
Employer contribution per active participant$1,029
Average account balance$15,282
Benefits paid to participants$816,957
Plan auditUnmodified (clean) audit opinion
AuditorAC CPA, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$2.8M · 183 accts · $166K emplr
2023$2.8M · 333 accts · $167K emplr
2022$2.5M · 307 accts · $165K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,655
Investment management$14,478
Total administrative$29,133
The Vernon J Harris East End 401(k) match · 2024
Employer contribution per active participant$1,029
Median for plans this size$1,313
2024$1,029 per active participant
2023$946 per active participant
2022$1,052 per active participant

Vernon J Harris East End's 2024 employer contribution ran below 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 · 20242
ADP, INC. · Loan processing · Recordkeeping$14,655
CAPITAL ASSET ADVISORY SERVICES · Recordkeeping · Trustee$10,590

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

Recordkeeper by year2
2024ADP, CAPITAL ASSET ADVISORY SERVICES
2023ADP

This plan has changed recordkeepers within these filings. If you left Vernon J Harris East End before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$29,133 · 1.04%
2023$9,577 · 0.37%
2022$6,871 · 0.26%
Similar plansHealth Care & Social Assistance · Virginia
Goodwill Services, Inc. VA$2.9M · 0.16%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 541884190 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.