Plan Ledger DOL Form 5500 · updated monthly

Saint Michaels College401(k)

RETIREMENT PLAN FOR EMPLOYEES OF SAINT MICHAEL'S COLLEGE · COLCHESTER, VT · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Saint Michaels College reported $148,029 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $687 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 0.11% to 0.16%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 18th-largest of 230 plans among Vermont employers on file, and the 546th of 3,091 in educational services. In 2024, employees put in $3.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$97,199,295
Participants with balances604
Active participants881
Employer contributions$605,664
Employee contributions$2,257,218
Employer contribution per active participant$687
Average account balance$160,926
Benefits paid to participants$6,976,839
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$97.2M · 604 accts · $606K emplr
2023$90.1M · 634 accts · $603K emplr
2022$80.3M · 609 accts · $576K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$108,907
Investment management$28,722
Audit (IQPA)$10,400
Total administrative$148,029
The Saint Michaels College 401(k) match · 2024
Employer contribution per active participant$687
Median for plans this size$3,635
2024$687 per active participant
2023$676 per active participant
2022$645 per active participant

Saint Michaels College's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
MILLIMAN, INC. · Recordkeeping · Loan processing$108,906
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Trustee (directed)$28,721
MCSOLEY MCCOY & CO · Accounting / audit$10,400
CHARLES SCHWAB & CO., INC · Custodial (securities)indirect 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
2024Milliman
2023Milliman

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

Administrative cost history3
2024$148,029 · 0.16%
2023$86,016 · 0.10%
2022$99,441 · 0.11%
Same employer
Similar plansEducational Services · Vermont
Norwich University VT$175.8M · 0.11%
World Learning, Inc. VT$96.3M · 0.12%
Vermont Law School VT$45.8M · 0.03%
Landmark College, Inc. VT$44.6M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030179403 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.