Plan Ledger DOL Form 5500 · updated monthly

Virginia Spine Institute, PLC401(k)

VIRGINIA SPINE INSTITUTE, PLC 401(K) PROFIT SHARING PLAN AND T · RESTON, 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 Spine Institute, PLC reported $26,114 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $2,095 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 0.20%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Virginia (1,181st of 2,266), and the 4,480th of 11,911 in health care & social assistance. In 2024, employees put in $3.65 for every $1.00 the employer contributed; active participation has grown from 101 to 117 since 2022.

Plan summary
Net assets, end of year$15,056,755
Participants with balances169
Active participants117
Employer contributions$245,074
Employee contributions$894,717
Employer contribution per active participant$2,095
Average account balance$89,093
Benefits paid to participants$454,181
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.1M · 169 accts · $245K emplr
2023$11.0M · 164 accts · $221K emplr
2022$8.8M · 149 accts · $196K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,114
Total administrative$26,114
The Virginia Spine Institute, PLC 401(k) match · 2024
Employer contribution per active participant$2,095
Median for plans this size$2,416
2024$2,095 per active participant
2023$1,960 per active participant
2022$1,939 per active participant

Virginia Spine Institute, PLC's 2024 employer contribution ran below the $2,416 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
ADP, INC. · Loan processing · Recordkeeping$26,114
ADP BROKER-DEALER · Other servicesindirect comp

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
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$26,114 · 0.20%
2023$21,972 · 0.22%
2022$21,422 · 0.23%
Similar plansHealth Care & Social Assistance · Virginia
Ncgcare, Inc. VA$15.1M · 0.80%
Buchanan General Hospital VA$15.1M · 0.58%
Dentistry Vcu VA$14.8M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541675853 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.