Plan Ledger DOL Form 5500 · updated monthly

Richford Health Center, Inc.401(k)

RICHFORD HEALTH CENTER, INC. 401(K) PLAN · RICHFORD, VT · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Richford Health Center, Inc. reported $13,168 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,827 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 0.08% to 0.12%. 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 among the smaller plans on file in Vermont (133rd of 230), and the 4,995th of 11,911 in health care & social assistance. In 2024, employees put in $1.95 for every $1.00 the employer contributed; active participation has grown from 155 to 196 since 2022.

Plan summary
Net assets, end of year$12,628,781
Participants with balances297
Active participants196
Employer contributions$554,129
Employee contributions$1,083,100
Employer contribution per active participant$2,827
Average account balance$42,521
Benefits paid to participants$568,319
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.6M · 297 accts · $554K emplr
2023$10.2M · 275 accts · $518K emplr
2022$9.1M · 224 accts · $405K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,168
Total administrative$13,168
The Richford Health Center, Inc. 401(k) match · 2024
Employer contribution per active participant$2,827
Median for plans this size$2,416
2024$2,827 per active participant
2023$2,578 per active participant
2022$2,611 per active participant

Richford Health Center, Inc.'s 2024 employer contribution ran above 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 · 20243
FUTURE PLANNING ASSOCIATES INC · Recordkeeping · Loan processing$14,828
TRANSAMERICA FINANICIAL LIFE INS CO · Recordkeeping · Loan processing$7,284
MCSOLEY MCCOY & CO · Accounting / audit$8,200

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

Recordkeeper by year2
2024FUTURE PLANNING ASSOCIATES INC, Transamerica
2023FUTURE PLANNING ASSOCIATES INC, Transamerica

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

Administrative cost history3
2024$13,168 · 0.12%
2023$9,616 · 0.10%
2022$8,076 · 0.08%
Same employer
Similar plansHealth Care & Social Assistance · Vermont
Wake Robin Corporation VT$14.5M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030215982 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.