Plan Ledger DOL Form 5500 · updated monthly

Northern Counties Health Care, Inc.403(b)

NORTHERN COUNTIES HEALTH CARE RETIREMENT PLAN · ST JOHNSBURY, VT · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Northern Counties Health Care, Inc. reported $91,945 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $1,954 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 0.36% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 81st-largest of 230 plans among Vermont employers on file, and the 3,299th of 11,911 in health care & social assistance. In 2024, employees put in $1.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,503,125
Participants with balances735
Active participants325
Employer contributions$635,128
Employee contributions$1,194,075
Employer contribution per active participant$1,954
Average account balance$31,977
Benefits paid to participants$2,137,964
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.5M · 735 accts · $635K emplr
2023$22.6M · 725 accts · $630K emplr
2022$20.4M · 694 accts · $606K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$91,945
Total administrative$91,945
Employer contributions to the Northern Counties Health Care, Inc. plan · 2024
Employer contribution per active participant$1,954
Median for plans this size$2,416
2024$1,954 per active participant
2023$1,863 per active participant
2022$1,757 per active participant

Northern Counties Health Care, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
VALIC RETIREMENT SERVICES COMPANY · Custodial (securities) · Investment advisory (participants)$86,457
VARIABLE ANNUITY LIFE INSURANCE CO. · Custodial (securities) · Investment advisory (participants)$5,487

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$91,945 · 0.40%
2023$79,676 · 0.37%
2022$71,617 · 0.36%
Same employer
Similar plansHealth Care & Social Assistance · Vermont
Otis Health Care Center VT$26.2M · 0.14%
Wake Robin Corporation VT$14.5M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510199559 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.