Retirement plan

VIRGINIA INSTITUTE OF AUTISM, INC. 403(B) PLAN

Name: VIRGINIA INSTITUTE OF AUTISM, INC. - VIRGINIA INSTITUTE OF AUTISM, INC. 403(B) PLAN (2024) Form 5500
Creator: VIRGINIA INSTITUTE OF AUTISM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VIRGINIA INSTITUTE OF AUTISM, INC. 403(B) PLAN, VIRGINIA INSTITUTE OF AUTISM, INC.

VIRGINIA INSTITUTE OF AUTISM, INC.EIN 54-1815297Plan #001PY 2024

491 HILLSDALE DRIVE - CHARLOTTESVILLE, VA 22901434-923-8252

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contributionLow fidelity bondCorrective distributions

Top hat statement on fileNQDC

Filed July 10, 2019 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

943 GLENWOOD STATION LN STE 201

CHARLOTTESVILLE, VA 22901

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

Plan name not on file1 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$4M

+31.3% from 2023

Total participants

362

+19.1% from 2023

Average account balance

$19,835

+4.2% from 2023

Annual return

16.89%

-15.56 pp from 2023

Benchmarks

See 950 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort950 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$4.03M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$20K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

203

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

48.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$777K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.89%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$17

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 5 by compensation

Provider	Service type	Compensation
NATIONWIDE7 years Service code 28 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Investment Management	$19,780
NORTHWESTERN MUTUAL INVESTMENT SERV1 year Filed as: NORTHWESTERN MUTUAL INV. SRVCS LLC Service code 28 · EIN 52-2114207 ATTN IPS COMPENSATION 720 E WISCONS · MILWAUKEE, WI 53202	Investment Management	$12,292
WILSHIRE ASSOCIATES INCORPORATED1 year Filed as: WILSHIRE ASSOCIATES, INC Service code 28 1299 OCEAN AVE · SANTA MONICA, CA 90401	Investment Management	$745
NORTHWESTERN MUTUAL INVESTMENT SERV1 year Filed as: NORTHWESTERN MUTUAL INV. SRVCS Service code 28 · EIN 52-2114207 ATTN IPS COMPENSATION 720 E WISCONS · MILWAUKEE, WI 53202	Investment Management	$477
NATIONWIDE1 year Filed as: NATIONWIDE RETIREMENT PLANS Service code 28 10 W NATIONWIDE BLVD · COLUMBUS, OH 43215	Investment Management	$292

Plan features & details

Pension benefit codes2E2F2G2J2K3D2L

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$3K

$11 / participant

Recordkeeping$3K100.0%

% of EOY assets

0.087%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ROBINSON, FARMER, COX ASSOCIATES
Auditor EIN: 541896113
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,835

$91,710-78.4%

$67,560-70.6%

$77,762-74.5%

Participation rate

48.2%

76.0%-27.8pp

72.9%-24.7pp

70.6%-22.4pp

Annual return

16.89%

14.88%+2.0pp

3533.50%-3516.6pp

31.27%-14.4pp

Employer contribution / active EE

$886

$3,187-72.2%

$2,737-67.6%

$2,728-67.5%

Participant deferral / active EE

$1,644

$3,911-58.0%

$4,004-59.0%

$4,651-64.7%

Admin fee / account holder

$17

$245-93.0%

$3,994-99.6%

$433-96.0%

Provider

Service type

Compensation

NATIONWIDE7 years

Service code 28

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Investment Management

$19,780

NORTHWESTERN MUTUAL INVESTMENT SERV1 year

Filed as: NORTHWESTERN MUTUAL INV. SRVCS LLC

Service code 28 · EIN 52-2114207

ATTN IPS COMPENSATION 720 E WISCONS · MILWAUKEE, WI 53202

Investment Management

$12,292

WILSHIRE ASSOCIATES INCORPORATED1 year

Filed as: WILSHIRE ASSOCIATES, INC

Service code 28

1299 OCEAN AVE · SANTA MONICA, CA 90401

Investment Management

$745

NORTHWESTERN MUTUAL INVESTMENT SERV1 year

Filed as: NORTHWESTERN MUTUAL INV. SRVCS

Service code 28 · EIN 52-2114207

ATTN IPS COMPENSATION 720 E WISCONS · MILWAUKEE, WI 53202

Investment Management

$477

NATIONWIDE1 year

Filed as: NATIONWIDE RETIREMENT PLANS

Service code 28

10 W NATIONWIDE BLVD · COLUMBUS, OH 43215

Investment Management

$292

VIRGINIA INSTITUTE OF AUTISM, INC. 403(B) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VIRGINIA INSTITUTE OF AUTISM, INC. 403(B) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion