Plan Ledger DOL Form 5500 · updated monthly

Wvu Medical CorporationMoney purchase plan

WEST VIRGINIA UNIVERSITY MEDICAL CORPORATION RETIREMENT PLAN · MORGANTOWN, WV · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Wvu Medical Corporation reported $225,717 in plan administrative expenses for 2024: 0.06% of average plan assets, below the peer median. Employer contributions averaged $12,903 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 0.07% to 0.06%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 4th-largest of 265 plans among West Virginia employers on file, and the 397th of 11,911 in health care & social assistance. active participation has grown from 1,771 to 2,079 since 2022.

Plan summary
Net assets, end of year$392,437,547
Participants with balances2,826
Active participants2,079
Employer contributions$26,825,106
Employee contributions—
Employer contribution per active participant$12,903
Average account balance$138,867
Benefits paid to participants$25,160,591
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$392.4M · 2,826 accts · $26.8M emplr
2023$343.7M · 2,672 accts · $24.1M emplr
2022$288.0M · 2,485 accts · $21.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$171,906
Investment management$41,261
Audit (IQPA)$12,550
Total administrative$225,717
Employer contributions to the Wvu Medical Corporation plan · 2024
Employer contribution per active participant$12,903
Median for plans this size$4,294
2024$12,903 per active participant
2023$12,362 per active participant
2022$12,119 per active participant

Wvu Medical Corporation's 2024 employer contribution ran above the $4,294 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
CONCURRENT INVESTMENT ADVISORS LLC · Investment advisory (plan)$36,225
BAKER TILLY US, LLP · Accounting / audit$12,550
VALIC · Investment management$10,372

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$225,717 · 0.06%
2023$218,829 · 0.07%
2022$210,004 · 0.07%
All plans at this employer2
WEST VIRGINIA UNIVERSITY MEDICAL CORPORATION 403(B) PLAN403(b)
WEST VIRGINIA UNIVERSITY MEDICAL CORPORATION RETIREMENT PLANMoney purchase plan
Same employer
Similar plansHealth Care & Social Assistance · West Virginia
Wvu Health System WV$1.8B · 0.13%
Camc Health System, Inc. WV$852.8M · 0.13%
St. Mary's Medical Center WV$159.5M · 0.33%
Thomas Health System, Inc. WV$83.0M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550492006 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.