Plan Ledger DOL Form 5500 · updated monthly

Virginia Physicians, Inc.401(k)

VIRGINIA PHYSICIANS, INC. 401(K) PLAN · GLEN ALLEN, VA · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Virginia Physicians, Inc. reported $133,811 in plan administrative expenses for 2024: 0.22% of average plan assets, above the peer median. Employer contributions averaged $3,447 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 fell from 0.23% to 0.22%. 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 394th-largest of 2,266 plans among Virginia employers on file, and the 1,500th of 11,911 in health care & social assistance. In 2024, employees put in $1.46 for every $1.00 the employer contributed; active participation has grown from 320 to 371 since 2022.

Plan summary
Net assets, end of year$66,017,621
Participants with balances471
Active participants371
Employer contributions$1,278,677
Employee contributions$1,860,496
Employer contribution per active participant$3,447
Average account balance$140,165
Benefits paid to participants$3,236,660
Plan auditUnmodified (clean) audit opinion
AuditorKEITER
Plan history3
Yearassets · accounts · employer contribution
2024$66.0M · 471 accts · $1.3M emplr
2023$58.5M · 455 accts · $1.2M emplr
2022$50.2M · 443 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$74,396
Investment management$21,000
Total administrative$133,811
The Virginia Physicians, Inc. 401(k) match · 2024
Employer contribution per active participant$3,447
Median for plans this size$3,635
2024$3,447 per active participant
2023$3,952 per active participant
2022$3,628 per active participant

Virginia Physicians, Inc.'s 2024 employer contribution ran below the $3,635 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
LPL FINANCIAL LLC · Investment advisory (plan)$21,000

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$133,811 · 0.22%
2023$127,002 · 0.23%
2022$121,384 · 0.23%
Same employer
Similar plansHealth Care & Social Assistance · Virginia
Trusted Doctors LLC VA$62.5M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540883363 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.