Plan Ledger DOL Form 5500 · updated monthly

Asic North, Inc.401(k)

ASIC NORTH 401(K) PLAN · WILLISTON, VT · plan year 2024

Reported admin expense ratio · 2024
0.17%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Asic North, Inc. reported $33,823 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $13,029 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.19% to 0.17%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 93rd-largest of 230 plans among Vermont employers on file, and the 5,415th of 11,654 in professional & technical services. In 2024, the employer put in $1.07 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$20,809,303
Participants with balances118
Active participants58
Employer contributions$755,680
Employee contributions$703,021
Employer contribution per active participant$13,029
Average account balance$176,350
Benefits paid to participants$1,301,988
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.8M · 118 accts · $756K emplr
2023$18.4M · 119 accts · $801K emplr
2022$16.7M · 128 accts · $780K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,823
Audit (IQPA)$8,000
Total administrative$33,823
The Asic North, Inc. 401(k) match · 2024
Employer contribution per active participant$13,029
Median for plans this size$2,416
2024$13,029 per active participant
2023$13,573 per active participant
2022$12,792 per active participant

Asic North, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
THE VANGUARD GROUP, INC. · Recordkeeping · Loan processing$25,823
MCSOLEY MCCOY & CO. · Accounting / audit$8,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$33,823 · 0.17%
2023$31,800 · 0.18%
2022$34,477 · 0.19%
Similar plansProfessional & Technical Services · Vermont
Dubois & King, Inc. VT$21.9M · 0.22%
Gallagher Flynn & Co., LLP VT$20.8M · 0.25%
Cn Holdings, Inc. VT$16.2M · 0.30%
Itech US, Inc. VT$13.4M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030364063 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.