Plan Ledger DOL Form 5500 · updated monthly

Woods Rogers Vandeventer Black PLC401(k)

WOODS ROGERS VANDEVENTER BLACK 401(K) AND PROFIT SHARING PLAN · NORFOLK, VA · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Woods Rogers Vandeventer Black PLC reported $185,470 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $13,503 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 rose from 0.04% to 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 212th-largest of 2,266 plans among Virginia employers on file, and the 1,158th of 11,654 in professional & technical services. In 2024, the employer put in $1.21 for every $1.00 employees contributed themselves; active participation has grown from 114 to 264 since 2022.

Plan summary
Net assets, end of year$135,282,855
Participants with balances346
Active participants264
Employer contributions$3,564,691
Employee contributions$2,943,640
Employer contribution per active participant$13,503
Average account balance$390,991
Benefits paid to participants$9,503,667
Plan auditUnmodified (clean) audit opinion
AuditorFOTI FLYNN LOWEN
Plan history3
Yearassets · accounts · employer contribution
2024$135.3M · 346 accts · $3.6M emplr
2023$120.8M · 339 accts · $786K emplr
2022$46.8M · 135 accts · $142K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,810
Investment management$99,825
Audit (IQPA)$59,835
Total administrative$185,470
The Woods Rogers Vandeventer Black PLC 401(k) match · 2024
Employer contribution per active participant$13,503
Median for plans this size$3,635
2024$13,503 per active participant
2023$2,964 per active participant
2022$1,249 per active participant

Woods Rogers Vandeventer Black PLC's 2024 employer contribution ran above the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
CAPFINANCIAL PARTNERS LLC · Investment advisory (plan)$86,185
FOTI, FLYNN, LOWEN & CO. · Accounting / audit$59,835
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$26,239
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$13,640

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

Administrative cost history3
2024$185,470 · 0.14%
2023$50,076 · 0.06%
2022$19,991 · 0.04%
All plans at this employer2
EMPLOYEES' PROFIT SHARING PLAN OF WOODS ROGERS PLC401(k)
WOODS ROGERS VANDEVENTER BLACK 401(K) AND PROFIT SHARING PLAN401(k)
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 541294386 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.