Plan Ledger DOL Form 5500 · updated monthly

Veterans Medical Research Foundation403(b)

VETERANS MEDICAL RESEARCH FOUNDATION RETIREMENT PLAN · SAN DIGEO, CA · plan year 2023

Reported admin expense ratio · 2023
0.13%

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

Veterans Medical Research Foundation reported $48,683 in plan administrative expenses for 2023: 0.13% of average plan assets, below the peer median. Employer contributions averaged $3,588 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 0.06% to 0.14%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 2,138th-largest of 9,483 plans among California employers on file, and the 3,293rd of 11,654 in professional & technical services. In 2023, employees put in $1.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$40,100,374
Participants with balances388
Active participants101
Employer contributions$362,410
Employee contributions$364,289
Employer contribution per active participant$3,588
Average account balance$103,351
Benefits paid to participants$1,661,565
Plan auditUnmodified (clean) audit opinion
AuditorALDRICH CPAS & ADVISORS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$36.9M · 382 accts · $311K emplr
2023$40.1M · 388 accts · $362K emplr
2022$35.7M · 394 accts · $363K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$48,683
Total administrative$48,683
Employer contributions to the Veterans Medical Research Foundation plan · 2023
Employer contribution per active participant$3,588
Median for plans this size$2,440
2024$3,459 per active participant
2023$3,588 per active participant
2022$3,488 per active participant

Veterans Medical Research Foundation's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
TIAA$48,983

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$55,477 · 0.14%
2023$48,683 · 0.13%
2022$20,525 · 0.06%
Same employer
Similar plansProfessional & Technical Services · California
Insight Investments, LLC CA$40.5M · 0.17%
Dg Architects, Inc. Dga CA$40.2M · 0.30%
User Testing CA$40.0M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330189397 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.