Central Virginia Dental Care, PLC 401(k) Review & Grade
Cvdc 401(k) Plan
Colonial Heights, VAHealth Care & Social Assistance742 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,793Employer $ per active participant
$4,107Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$97.3MNet plan assets, end of year
$128,376Average balance per account
Score breakdown
- Employer generosity45.3 / 5091th percentile for employer $ per participant
- Low cost11.9 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving10.4 / 1570th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 48th |
| Employee saving | 70th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $973 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Central Virginia Dental Care, PLC put in about $4,793 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,556,394 |
| Participant (employee) contributions | $3,047,477 |
| Other contributions (incl. rollovers in) | $58,274 |
| Administrative expenses paid from the plan | $226,055 |
| Investment advisory & management fees | $224,722 |
| Benefits paid out | $6,378,927 |
| Net assets, start / end of year | $86.1M / $97.3M |
| Active participants, start / end of year | 758 / 726 |
| Participants with account balances | 758 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Zukerman & Associates, LTD. |
Largest service providers (Schedule C)
| Wellington Consulting Services, Inc | $210,462 reported compensation |
| Signature Investment Advisors | $14,260 reported compensation |
| Charles Schwab & Co., Inc. | $4,690 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015105505NAL0002281795001, received 2025-10-15, EIN 81-3793901, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.