Plan Ledger DOL Form 5500 · updated monthly

Northwestern Medical Center, Inc403(b)

NORTHWESTERN MEDICAL CENTER, INC. 403(B) PLAN · ST. ALBANS, VT · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Northwestern Medical Center, Inc reported $41,409 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,630 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 0.07% to 0.05%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 20th-largest of 230 plans among Vermont employers on file, and the 1,154th of 11,911 in health care & social assistance. In 2024, employees put in $1.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$93,191,182
Participants with balances989
Active participants762
Employer contributions$2,765,789
Employee contributions$3,995,410
Employer contribution per active participant$3,630
Average account balance$94,228
Benefits paid to participants$5,403,887
Plan auditDisclaimer of opinion
AuditorMCSOLEY MCCOY
Plan history3
Yearassets · accounts · employer contribution
2024$93.2M · 989 accts · $2.8M emplr
2023$80.0M · 958 accts · $909K emplr
2022$55.5M · 942 accts · $852K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,818
Investment management$7,591
Total administrative$41,409
Employer contributions to the Northwestern Medical Center, Inc plan · 2024
Employer contribution per active participant$3,630
Median for plans this size$3,635
2024$3,630 per active participant
2023$1,256 per active participant
2022$1,201 per active participant

Northwestern Medical Center, Inc's 2024 employer contribution ran below the $3,635 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 · 20243
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$33,818
PENSIONMARK FINANCIAL GROUP · Investment advisory (plan)$7,591
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$41,409 · 0.05%
2023$39,255 · 0.06%
2022$43,514 · 0.07%
All plans at this employer2
NORTHWESTERN MEDICAL CENTER, INC. MONEY PURCHASE PENSION PLANMoney purchase plan
NORTHWESTERN MEDICAL CENTER, INC. 403(B) PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · Vermont
Howard Center VT$110.3M · 0.18%
Marathon Health, LLC. VT$81.1M · 0.35%
Gifford Health Care, Inc. VT$74.1M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030266986 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.