Plan Ledger DOL Form 5500 · updated monthly

The University of Vermont Medical Center403(b)

THE UNIVERSITY OF VERMONT MEDICAL CENTER 403(B) PLAN · BURLINGTON, VT · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

The University of Vermont Medical Center reported $1,715,154 in plan administrative expenses for 2024: 0.08% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,133 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 0.09% to 0.08%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1st-largest of 230 plans among Vermont employers on file, and the 78th of 11,911 in health care & social assistance. In 2024, employees put in $1.33 for every $1.00 the employer contributed; active participation has grown from 11,162 to 13,241 since 2022.

Plan summary
Net assets, end of year$2,219,723,296
Participants with balances16,212
Active participants13,241
Employer contributions$67,971,696
Employee contributions$90,203,547
Employer contribution per active participant$5,133
Average account balance$136,919
Benefits paid to participants$176,030,039
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.2B · 16,212 accts · $68.0M emplr
2023$2.0B · 15,826 accts · $61.0M emplr
2022$1.6B · 15,760 accts · $52.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$815,708
Investment management$839,802
Audit (IQPA)$35,000
Total administrative$1,715,154
The The University of Vermont Medical Center 401(k) match · 2024
Employer contribution per active participant$5,133
Median for plans this size$5,259
2024$5,133 per active participant
2023$4,883 per active participant
2022$4,689 per active participant

The University of Vermont Medical Center's 2024 employer contribution ran below the $5,259 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 · 20245
FID INV INST OPS CO · Recordkeeping · Investment advisory (participants)$1,201,647
STRATEGIC ADVISERS · Investment advisory (plan)$367,879
CAPFINANCIAL PARTNERS, LLC · Investment advisory (plan)$93,176
MCSOLEY MCCOY & CO · Accounting / audit · Investment advisory (plan)$35,000
VARIABLE ANNUITY LIFE INSURANCE · Insurance broker · Insurance services$23,916

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

Recordkeeper by year2
2024Fidelity
2023Fidelity

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

Administrative cost history3
2024$1,715,154 · 0.08%
2023$1,821,269 · 0.10%
2022$1,609,165 · 0.09%
Similar plansHealth Care & Social Assistance · Vermont
Norton Healthcare, Inc. KY$2.3B · 0.08%
Bjc Health System MO$2.3B · 0.11%
Essentia Health MN$2.2B · 0.06%
Froedtert Health, Inc WI$2.2B · 0.06%
Prisma Health SC$2.2B · 0.02%
Vituity CA$2.2B · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030219309 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.