Plan Ledger DOL Form 5500 · updated monthly

Virginia Transportation Corporation401(k)

VIRGINIA TRANSPORTATION CORPORATION 401(K) PLAN · WEST WARWICK, RI · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Virginia Transportation Corporation reported $95,661 in plan administrative expenses for 2024: 0.68% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,161 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 0.679%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 140th-largest of 286 plans among Rhode Island employers on file, and the 884th of 2,677 in transportation & warehousing. In 2024, employees put in $3.02 for every $1.00 the employer contributed; active participation has grown from 456 to 575 since 2022.

Plan summary
Net assets, end of year$15,591,745
Participants with balances364
Active participants575
Employer contributions$667,711
Employee contributions$2,017,767
Employer contribution per active participant$1,161
Average account balance$42,834
Benefits paid to participants$2,235,543
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.6M · 364 accts · $668K emplr
2023$12.6M · 357 accts · $683K emplr
2022$9.4M · 332 accts · $571K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$58,993
Investment management$32,190
Total administrative$95,661
The Virginia Transportation Corporation 401(k) match · 2024
Employer contribution per active participant$1,161
Median for plans this size$2,416
2024$1,161 per active participant
2023$1,228 per active participant
2022$1,252 per active participant

Virginia Transportation Corporation's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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
JOHN HANCOCK LIFE INSURANCE CO. · Recordkeeping · Investment management$58,742
NFP RETIREMENT, INC. · Investment advisory (participants)$32,190

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$95,661 · 0.68%
2023$69,039 · 0.63%
2022$65,857 · 0.68%
Same employer
Similar plansTransportation & Warehousing · Rhode Island
Gebruder Weiss, Inc IL$15.8M · 0.40%
Windigo Logistics CO$15.7M · 0.42%
Dann Marine Towing, L.C. MD$15.6M · 0.04%
Bering Air, Inc. AK$15.6M · 0.66%
Enstor Gas, LLC TX$15.6M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050481917 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.