Plan Snapshot
- Plan Sponsor: Virginia Union University
- Sponsor EIN: 540524516
- Sponsor Address: 1500 NORTH LOMBARDY STREET, RICHMOND, VA, 23220
- Plan Type: 403(b)
- Plan Number: 001
- Total Participants: 466
- Total Assets: $26.3M
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 | 466 | $26.3M | $0 | $0 |
| 2024 | 266 | $24.7M | $231,126 | $320,821 |
| 2023 | 351 | $23.6M | $236,333 | $331,690 |
| 2022 | 430 | $21.9M | $228,567 | $364,228 |
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 |
|---|---|---|---|---|
| CETERA ADVISOR NETWORKS LLC | Other Service Provider | — | $10,890 | $10,890 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,890
- Estimated Expense Ratio: 0.041% 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 | $1,781,068 | $4,717 | — | — | — |
| 2024 | $5,236 | — | $5,236 | — | — |
| 2023 | $4,375 | — | $4,375 | — | — |
| 2022 | $5,213 | — | $5,213 | — | — |