Virginia Union University403(b)
VIRGINIA UNION UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN · RICHMOND, VA · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Virginia Union University reported $5,236 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $869 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 0.022%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 863rd-largest of 2,266 plans among Virginia employers on file, and the 1,433rd of 3,091 in educational services. In 2024, employees put in $1.39 for every $1.00 the employer contributed; active participation has shrunk from 430 to 266 since 2022.
Virginia Union University'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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 540524516 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.