Plan Ledger DOL Form 5500 · updated monthly

Virtua Health401(k)

VIRTUA 401(K) SAVINGS PLAN · MARLTON, NJ · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Virtua Health reported $692,428 in plan administrative expenses for 2024: 0.06% of average plan assets, above the peer median. Employer contributions averaged $2,742 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 0.08% to 0.06%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 57th-largest of 2,419 plans among New Jersey employers on file, and the 155th of 11,911 in health care & social assistance. In 2024, employees put in $2.05 for every $1.00 the employer contributed; active participation has grown from 11,240 to 13,739 since 2022.

Plan summary
Net assets, end of year$1,181,492,443
Participants with balances16,613
Active participants13,739
Employer contributions$37,671,670
Employee contributions$77,288,569
Employer contribution per active participant$2,742
Average account balance$71,119
Benefits paid to participants$68,743,335
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.2B · 16,613 accts · $37.7M emplr
2023$990.4M · 15,841 accts · $32.3M emplr
2022$829.9M · 14,285 accts · $28.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$474,447
Investment management$85,000
Audit (IQPA)$19,750
Total administrative$692,428
The Virtua Health 401(k) match · 2024
Employer contribution per active participant$2,742
Median for plans this size$5,259
2024$2,742 per active participant
2023$2,524 per active participant
2022$2,570 per active participant

Virtua Health's 2024 employer contribution ran below the $5,259 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 · 20244
LINCOLN NATIONAL CORPORATION · Contract administrator · Recordkeeping$474,447
BALLARD SPAHR, LLP · Legal$90,981
MORGAN STANLEY GLOBAL BANKING · Investment advisory (plan)$85,000
MAILLIE LLP · Accounting / audit$19,750

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

Recordkeeper by year2
2024Lincoln Financial
2023Lincoln Financial

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

Administrative cost history3
2024$692,428 · 0.06%
2023$761,269 · 0.08%
2022$684,182 · 0.08%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Barnabas Health Inc. NJ$3.0B · 0.07%
The Valley Hospital NJ$1.1B · 0.04%
The Cooper Health System NJ$944.0M · 0.10%
Capital Health System, Inc. NJ$450.0M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223524939 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.