Plan Ledger DOL Form 5500 · updated monthly

Westminster Canterbury of the Blue Ridge403(b)

WESTMINSTER-CANTERBURY OF THE BLUE RIDGE 403(B) PLAN · CHARLOTTESVILLE, VA · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Westminster Canterbury of the Blue Ridge reported $83,130 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,911 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 6 years on file its reported administrative ratio has held roughly steady near 0.473%. 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 the 1,040th-largest of 2,266 plans among Virginia employers on file, and the 3,868th of 11,911 in health care & social assistance. In 2024, employees put in $1.37 for every $1.00 the employer contributed; active participation has grown from 264 to 322 since 2019.

Plan summary
Net assets, end of year$18,705,048
Participants with balances541
Active participants322
Employer contributions$615,328
Employee contributions$842,998
Employer contribution per active participant$1,911
Average account balance$34,575
Benefits paid to participants$1,159,859
Plan auditUnmodified (clean) audit opinion
Plan history6
Yearassets · accounts · employer contribution
2024$18.7M · 541 accts · $615K emplr
2023$16.5M · 502 accts · $459K emplr
2022$13.4M · 479 accts · $745K emplr
2021$11.7M · 439 accts · $649K emplr
2020$13.1M · 524 accts · $364K emplr
2019$9.9M · 490 accts · $612K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,170
Investment management$4,960
Total administrative$83,130
Employer contributions to the Westminster Canterbury of the Blue Ridge plan · 2024
Employer contribution per active participant$1,911
Median for plans this size$2,416
2024$1,911 per active participant
2023$1,562 per active participant
2022$2,605 per active participant
2021$2,497 per active participant
2020$1,324 per active participant

Westminster Canterbury of the Blue Ridge'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 · 20241
TIAA$79,370

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

Administrative cost history6
2024$83,130 · 0.47%
2023$70,208 · 0.47%
2022$58,184 · 0.46%
2021$62,113 · 0.50%
2020$53,527 · 0.46%
2019$43,941 · 0.47%
Same employer
Similar plansHealth Care & Social Assistance · Virginia
Somatus Inc. VA$19.9M · 0.17%
Versability Resources, Inc. VA$18.8M · 0.67%
Sunnyside Presbyterian Home VA$18.0M · 0.52%
Partnermd, LLC VA$17.9M · 0.38%
Community Residences, Inc VA$16.7M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521447069 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.