Plan Ledger DOL Form 5500 · updated monthly

Isun, Inc.401(k)

ISUN 401(K) RETIREMENT PLAN · WILLISTON, VT · plan year 2023

Reported admin expense ratio · 2023
0.57%

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

Isun, Inc. reported $44,326 in plan administrative expenses for 2023: 0.57% of average plan assets, above the peer median. Employer contributions averaged $2,498 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 1 year on file its reported administrative ratio rose from 0.57% to 1.18%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Vermont (153rd of 230), and 3,240th of 5,337 in construction. In 2023, employees put in $1.96 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,028,815
Participants with balances265
Active participants226
Employer contributions$564,469
Employee contributions$1,106,312
Employer contribution per active participant$2,498
Average account balance$34,071
Benefits paid to participants$1,477,434
Plan auditDisclaimer of opinion
AuditorBEDERSON, LLP
Plan history3
Yearassets · accounts · employer contribution
2025$0
2024$7.8M · 129 accts · $367K emplr
2023$9.0M · 265 accts · $564K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$27,049
Investment management$12,850
Total administrative$44,326
The Isun, Inc. 401(k) match · 2023
Employer contribution per active participant$2,498
Median for plans this size$1,308
2024$4,894 per active participant
2023$2,498 per active participant

Isun, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$27,048
PENSIONMARK FINANCIAL GROUP, LLC · Pension consulting · Investment advisory (plan)$17,277
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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

Administrative cost history3
2025Not separately reported
2024$99,516 · 1.18%
2023$44,326 · 0.57%
Same employer
Similar plansConstruction · Vermont
D.E.W. Construction Corp. VT$18.5M · 0.40%
Alliance Group, Inc. VT$13.1M · 0.28%
Vermont Mechanical, Inc. VT$9.2M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472150172 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.