Plan Ledger DOL Form 5500 · updated monthly

Wvu Health System403(b)

WEST VIRGINIA UNIVERSITY HEALTH SYSTEM 403(B) RETIREMENT SAVINGS PLAN · MORGANTOWN, WV · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Wvu Health System reported $2,066,503 in plan administrative expenses for 2024: 0.13% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,137 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 has held roughly steady near 0.128%. 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 1st-largest of 265 plans among West Virginia employers on file, and the 102nd of 11,911 in health care & social assistance. In 2024, employees put in $1.66 for every $1.00 the employer contributed; active participation has grown from 25,400 to 32,450 since 2022.

Plan summary
Net assets, end of year$1,752,828,927
Participants with balances36,866
Active participants32,450
Employer contributions$69,331,655
Employee contributions$115,402,424
Employer contribution per active participant$2,137
Average account balance$47,546
Benefits paid to participants$116,835,350
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.8B · 36,866 accts · $69.3M emplr
2023$1.5B · 32,467 accts · $58.1M emplr
2022$960.2M · 23,717 accts · $41.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,857,996
Investment management$164,607
Audit (IQPA)$43,900
Total administrative$2,066,503
Employer contributions to the Wvu Health System plan · 2024
Employer contribution per active participant$2,137
Median for plans this size$5,259
2024$2,137 per active participant
2023$1,912 per active participant
2022$1,621 per active participant

Wvu Health System'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
FIDELITY INVEST INST OP · Loan processing$1,857,996
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$112,107
CONCURRENT INVESTMENT · Investment advisory (plan)$52,500
BAKER TILLY US, LLP · Accounting / audit$43,900

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$2,066,503 · 0.13%
2023$1,804,884 · 0.15%
2022$1,286,492 · 0.13%
All plans at this employer2
WEST VIRGINIA UNIVERSITY HEALTH SYSTEM 403(B) RETIREMENT SAVINGS PLAN403(b)
WEST VIRGINIA UNIVERSITY HEALTH SYSTEM 401(K) PLAN401(k)
Same employer
Similar plansHealth Care & Social Assistance · West Virginia
Ameriteam Services, LLC TN$1.8B · 0.18%
Marshfield Clinic, Inc. WI$1.8B · 0.02%
Northside Hospital, Inc. GA$1.8B · 0.10%
Boston Medical Center MA$1.7B · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550754713 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.