Plan Snapshot
- Plan Sponsor: Virginia Private Colleges Benefits Consortium, INC.
- Sponsor EIN: 271367957
- Sponsor Address: 1 CEDAR HILL, BEDFORD, VA, 245236459
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 3,051
- Total Assets: $21.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 3,051 | $21.2M | $0 | $0 |
| 2024 | 3,151 | $21.3M | $30.2M | $13.8M |
| 2023 | 3,261 | $21.1M | $28.7M | $13.4M |
| 2022 | 3,370 | $22.1M | $27.7M | $13.3M |
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 |
|---|---|---|---|---|
| ANTHEM HEALTH PLANS OF VIRGINIA INC | Other Service Provider | $3,693,698 | — | $3,693,698 |
| HEALTHKEEPERS, INC. | Other Service Provider | — | $1,323,515 | $1,323,515 |
| CICV | Other Service Provider | $426,713 | — | $426,713 |
| MARSH MCLENNAN | Other Service Provider | $294,485 | — | $294,485 |
| EMPYREAN | Other Service Provider | $213,919 | — | $213,919 |
| DELTA DENTAL OF VIRGINIA | Recordkeeper | $132,438 | — | $132,438 |
| HEALTH ADVOCATE SOLUTIONS | Other Service Provider | $118,766 | — | $118,766 |
| LOCKTON | Other Service Provider | $96,000 | — | $96,000 |
| TRAVELERS | Other Service Provider | $55,791 | — | $55,791 |
| HAYNES BENEFITS | Other Service Provider | $39,475 | — | $39,475 |
| MERCER | Other Service Provider | $33,051 | — | $33,051 |
| BROWN, EDWARDS & COMPANY, L.L.P. | Other Service Provider | $29,440 | — | $29,440 |
| CEDAR HILL BUSINESS ASSOCIATES, LLC | Other Service Provider | $20,044 | — | $20,044 |
| NOOM | Other Service Provider | $18,900 | — | $18,900 |
| MCGRIFF INSURANCE SERVICES | Other Service Provider | $11,500 | — | $11,500 |
| EBIX | Other Service Provider | $11,387 | — | $11,387 |
| RCM&D | Other Service Provider | $6,300 | — | $6,300 |
| TRUIST BANK | Other Service Provider | $5,528 | — | $5,528 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,530,950
- Estimated Expense Ratio: 30.735% 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 |
|---|---|---|---|---|---|
| 2025 | $46,623,967 | — | $4,141,830 | $62,491 | — |
| 2024 | $4,614,976 | — | $3,974,648 | $27,065 | — |
| 2023 | $4,709,066 | — | $4,045,592 | $29,600 | — |
| 2022 | $4,593,431 | — | $3,994,549 | — | $97,018 |