Health Plan of West Virginia 401(k) match, vesting and fees
What Health Plan of West Virginia's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company O | Schedule C ↗ |
| Independent auditor | Rea & Associates, Inc. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 658 defined-contribution plans in finance and insurance with 500 to 999 participants.
| Health Plan of West Virginia: employer contribution per participant | $3,234 | |
| Peer median | $2,935 |
| Health Plan of West Virginia: average balance | $76,755 | |
| Peer median | $92,585 |
| Health Plan of West Virginia: admin expenses ÷ assets | 0.35% | |
| Peer median | 0.15% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $51.5M at the end of plan year 2023 to $54.6M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 712 | $54.6M | $2.3M | $3,234 | 0.35% | Not published | Form 5500 ↗ |
| 2023 | 679 | $51.5M | $2.3M | $3,451 | 0.01% | Not published | Form 5500 ↗ |
Common questions
Does Health Plan of West Virginia match 401(k) contributions?
The match terms for the Hp-Uov 401k Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $2.3M in employer contributions, about $3,234 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Health Plan of West Virginia 401(k) match vested?
The vesting schedule for the Hp-Uov 401k Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Health Plan of West Virginia 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company O. The plan administrator is The Health Plan of West Virginia, Inc..
I left Health Plan of West Virginia. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (The Health Plan of West Virginia, Inc., (740) 695-3585) or the recordkeeper, Empower Annuity Insurance Company O. The Health Plan of West Virginia old 401(k) page lists the contacts from every plan filing. Find an old Health Plan of West Virginia 401(k)
Data from the public Form 5500 annual reports Health Plan of West Virginia filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Health Plan of West Virginia. Not financial advice. Report a correction · Methodology