Plan Ledger DOL Form 5500 · updated monthly

Willcox & Savage, P.C.401(k)

WILLCOX & SAVAGE, P.C. PROFIT-SHARING RETIREMENT PLAN · NORFOLK, VA · plan year 2025

Reported admin expense ratio · 2025
0.04%

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

Willcox & Savage, P.C. reported $30,270 in plan administrative expenses for 2025: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $10,734 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 rose from 0.01% to 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other professional & technical services employers. By assets it is the 300th-largest of 2,266 plans among Virginia employers on file, and the 1,619th of 11,654 in professional & technical services. In 2025, employees put in $1.17 for every $1.00 the employer contributed; active participation has grown from 92 to 113 since 2022.

Plan summary
Net assets, end of year$93,002,232
Participants with balances130
Active participants113
Employer contributions$1,212,897
Employee contributions$1,420,459
Employer contribution per active participant$10,734
Average account balance$715,402
Benefits paid to participants$2,239,541
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$93.0M · 130 accts · $1.2M emplr
2024$79.7M · 123 accts · $1.1M emplr
2023$76.5M · 119 accts · $1.0M emplr
2022$65.8M · 112 accts · $974K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$12,836
Investment management$1,534
Audit (IQPA)$15,900
Total administrative$30,270
The Willcox & Savage, P.C. 401(k) match · 2025
Employer contribution per active participant$10,734
Median for plans this size$4,093
2025$10,734 per active participant
2024$10,154 per active participant
2023$10,352 per active participant
2022$10,588 per active participant

Willcox & Savage, P.C.'s 2025 employer contribution ran above the $4,093 median for plans its size, placing it in the top 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
CHARLES W. SNADER, P.C. · Accounting / audit$15,900
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$12,836

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

Administrative cost history4
2025$30,270 · 0.04%
2024$10,036 · 0.01%
2023$5,232 · 0.01%
2022$5,545 · 0.01%
Same employer
Similar plansProfessional & Technical Services · Virginia
Wiley & Wilson, Inc. VA$97.7M · 0.16%
Actionet, Inc. VA$96.7M · 0.24%
Hydrogeologic, Inc. VA$92.2M · 0.21%
Ashgrove Holdings, LLC VA$89.8M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540976999 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.