Plan Ledger DOL Form 5500 · updated monthly

Carris Financial CorpESOP

CFC ESOP · PROCTOR, VT · plan year 2024

Employer contribution per participant · 2024
$13,287

Carris Financial Corp's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $97,513,000 across 665 participant accounts, with employer contributions averaging $13,287 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 17th-largest of 230 plans among Vermont employers on file, and the 1,952nd of 13,661 in manufacturing.

Plan summary
Net assets, end of year$97,513,000
Participants with balances665
Active participants435
Employer contributions$5,780,038
Employee contributions—
Employer contribution per active participant$13,287
Average account balance$146,636
Benefits paid to participants$13,655,811
Plan auditUnmodified (clean) audit opinion
AuditorMCSOLEY MCCOY
Plan history3
Yearassets · accounts · employer contribution
2024$97.5M · 665 accts · $5.8M emplr
2023$88.3M · 679 accts · $6.0M emplr
2022$77.9M · 661 accts · $5.8M emplr
Employer contributions to the Carris Financial Corp plan · 2024
Employer contribution per active participant$13,287
Median for plans this size$3,635
2024$13,287 per active participant
2023$13,881 per active participant
2022$13,780 per active participant

Carris Financial Corp's 2024 employer contribution ran above the $3,635 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
All plans at this employer2
CFC RETIREMENT PLAN401(k)
CFC ESOPESOP
Same employer
Similar plansManufacturing · Vermont
Mack Molding Company, Inc. VT$113.3M · 0.08%
Methode Electronics, Inc. IL$97.6M · 0.07%
Aurorium Holdings LLC IN$97.6M · 0.14%
Protective Industries, Inc. NY$97.6M · 0.17%
Lannett Company, Inc. PA$97.4M · 0.26%
Kik International LLC GA$97.3M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030326210 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.