Plan Ledger DOL Form 5500 · updated monthly

Virginia Cardiovascular Specialists, PC401(k)

VIRGINIA CARDIOVASCULAR SPECIALISTS, PC 401(K) PROFIT SHARING PLAN · RICHMOND, VA · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Virginia Cardiovascular Specialists, PC reported $110,146 in plan administrative expenses for 2024: 0.20% of average plan assets, above the peer median. Employer contributions averaged $10,916 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 0.200%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 438th-largest of 2,266 plans among Virginia employers on file, and the 1,679th of 11,911 in health care & social assistance. In 2024, the employer put in $1.28 for every $1.00 employees contributed themselves; active participation has grown from 156 to 179 since 2022.

Plan summary
Net assets, end of year$57,623,589
Participants with balances224
Active participants179
Employer contributions$1,954,045
Employee contributions$1,522,353
Employer contribution per active participant$10,916
Average account balance$257,248
Benefits paid to participants$7,150,244
Plan auditUnmodified (clean) audit opinion
AuditorKEITER
Plan history3
Yearassets · accounts · employer contribution
2024$57.6M · 224 accts · $2.0M emplr
2023$52.5M · 212 accts · $1.8M emplr
2022$45.4M · 214 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,500
Investment management$106,646
Total administrative$110,146
The Virginia Cardiovascular Specialists, PC 401(k) match · 2024
Employer contribution per active participant$10,916
Median for plans this size$3,635
2024$10,916 per active participant
2023$11,383 per active participant

Virginia Cardiovascular Specialists, PC's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 · 20242
WELLS FARGO ADVISORS LLC · Investment advisory (plan)$106,646
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$3,500

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$110,146 · 0.20%
2023$96,257 · 0.20%
2022$113,286 · 0.20%
Same employer
Similar plansHealth Care & Social Assistance · Virginia
Virginia Physicians, Inc. VA$66.0M · 0.22%
Trusted Doctors LLC VA$62.5M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541090122 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.