Plan Ledger DOL Form 5500 · updated monthly

Lamoille County Mental Health Services, Inc.401(k)

LCMHS SAVINGS AND RETIREMENT PLAN · MORRISVILLE, VT · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Lamoille County Mental Health Services, Inc. reported $6,457 in plan administrative expenses for 2024: 0.14% of average plan assets, lower than ~75% of peers. Employer contributions averaged $817 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 rose from 0.03% to 0.14%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Vermont (188th of 230), and 7,926th of 11,911 in health care & social assistance. In 2024, employees put in $1.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,962,414
Participants with balances145
Active participants179
Employer contributions$146,226
Employee contributions$230,256
Employer contribution per active participant$817
Average account balance$34,224
Benefits paid to participants$654,141
Plan auditUnmodified (clean) audit opinion
AuditorKITTELL BRANAGAN & SARGENT
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 145 accts · $146K emplr
2023$4.6M · 147 accts · $146K emplr
2022$4.3M · 211 accts · $165K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,457
Total administrative$6,457
The Lamoille County Mental Health Services, Inc. 401(k) match · 2024
Employer contribution per active participant$817
Median for plans this size$1,313
2024$817 per active participant
2023$857 per active participant
2022$1,014 per active participant

Lamoille County Mental Health Services, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. 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 · 20244
RICHARDS INCORPORATED TRG · Investment advisory (plan)$3,722
SETAWAY LLC · Contract administrator$2,772
MORGAN STANLEY INSURANCEindirect 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
2024$6,457 · 0.14%
2023$5,461 · 0.12%
2022$1,342 · 0.03%
Same employer
Similar plansHealth Care & Social Assistance · Vermont
Clara Martin Center VT$7.0M · 0.25%
Lund Family Center, Inc. VT$2.7M · 1.01%
Mayo Healthcare, Inc. VT$2.4M · 1.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030219658 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.