# The Governing Committee Of The Section 403(B) Defined Contribution 403(b) Plan
Source: https://planprovider.pro/companies/the-governing-committee-of-the-section-403-b-defined-contribution-403b-plan

> The Governing Committee Of The Section 403(B) Defined Contribution's 403(b) plan: 6,105 participants, plan year 2024 financials, providers, and benchmarks fr…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** The Governing Committee Of The Section 403(B) Defined Contribution

- **Sponsor EIN:** 824833402

- **Sponsor Address:** 108 N. 8TH STREET, RICHMOND, VA, 23219

- **Plan Type:** 403(b)

- **Total Participants:** 6,105

- **Total Assets:** $1.3B

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** Yes

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|6,105|$1.3B|$19.9M|$19.9M|

| 2023|5,562|$1.1B|$17.7M|$18.6M|

| 2022|5,192|$889.0M|$16.1M|$17.7M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| MILLENNIUM ADVISORY SERVICES, INC|INVESTMENT ADVISOR|$1,702,176|—|$1,702,176|

| PENTEGRA SERVICES, INC|PLAN ADMINISTRATOR TPA|$366,697|—|$366,697|

| TIAA|INVESTMENT PROVIDER|$356,958|—|$356,958|

| SAGEVIEW ADVISORY GROUP|INVESTMENT ADVISOR|$196,855|—|$196,855|

| RIGGS,COUNSELMAN,MICHAELS & DOWNES,|INSURANCE SERVICES|$164,981|—|$164,981|

| COUNCIL OF IND COLLEGES OF VA|PLAN ADMNISTRATOR|$87,822|—|$87,822|

| TROUTMAN SANDERS, LLP|ATTORNEY|$85,889|—|$85,889|

| PRM CONSULTING|CONSULTANT|$76,800|—|$76,800|

| CLIFTON LARSON ALLEN, LLP|ACCOUNTANT|$39,165|—|$39,165|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [TIAA](https://planprovider.pro/provider/tiaa-teachers-insurance-and-annuity-association-of-america-college-retirement-equities-fund) — INVESTMENT PROVIDER

- [SAGEVIEW ADVISORY GROUP](https://planprovider.pro/provider/sageview-advisory-group) — INVESTMENT ADVISOR

- [TROUTMAN SANDERS, LLP](https://planprovider.pro/provider/troutman-pepper-locke-lp) — ATTORNEY

- [CLIFTON LARSON ALLEN, LLP](https://planprovider.pro/provider/cliftonlarsonallen-llp) — ACCOUNTANT

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $3,077,343

- **Estimated Expense Ratio:** 0.240% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$3,110,588|—|$1,464,627|$33,589|—|

| 2023|$2,633,030|—|$1,247,716|$33,767|—|

| 2022|$2,518,966|$1,361,507|$1,143,441|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/the-governing-committee-of-the-section-403-b-defined-contribution-403b-plan)

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