Plan Ledger DOL Form 5500 · updated monthly

Vermont Adult Learning403(b)

VERMONT ADULT LEARNING RETIREMENT PLAN · BURLINGTON, VT · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Vermont Adult Learning reported $15,064 in plan administrative expenses for 2024: 0.35% of average plan assets, below the peer median. Employer contributions averaged $885 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 0.30% to 0.35%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Vermont (190th of 230), and 2,584th of 3,091 in educational services. In 2024, employees put in $2.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,347,061
Participants with balances105
Active participants93
Employer contributions$82,314
Employee contributions$207,977
Employer contribution per active participant$885
Average account balance$41,401
Benefits paid to participants$697,000
Plan auditUnmodified (clean) audit opinion
AuditorMCSOLEY MCCOY & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$4.3M · 105 accts · $82K emplr
2023$4.3M · 117 accts · $79K emplr
2022$3.9M · 115 accts · $82K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,064
Total administrative$15,064
Employer contributions to the Vermont Adult Learning plan · 2024
Employer contribution per active participant$885
Median for plans this size$1,313
2024$885 per active participant
2023$895 per active participant
2022$898 per active participant

Vermont Adult Learning's 2024 employer contribution ran below the $1,313 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 · 20241
KESTRA ADVISORY SERVICES · Investment advisory (participants) · Investment advisory (plan)$11,113

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$15,064 · 0.35%
2023$13,424 · 0.33%
2022$11,086 · 0.30%
Similar plansEducational Services · Vermont
Vermont Academy VT$18.8M · 0.01%
Goddard College VT$13.5M · 0.00%
Lyndon Institute VT$6.4M · 0.26%
Ai Holdings, Inc. NY$4.4M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030276755 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.