Plan Ledger DOL Form 5500 · updated monthly

Vermont Electric Power Company, Inc.401(k)

EMPLOYEE SAVINGS AND INVESTMENT PLAN FOR EMPLOYEES OF VERMONT ELECTRIC POWER COMPANY, INC. · RUTLAND, VT · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Vermont Electric Power Company, Inc. reported $10,186 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,295 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 1 year on file its reported administrative ratio rose from 0.01% to 0.02%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other utilities employers. By assets it is the 31st-largest of 230 plans among Vermont employers on file, and the 161st of 412 in utilities. In 2024, employees put in $1.88 for every $1.00 the employer contributed; active participation has grown from 151 to 200 since 2022.

Plan summary
Net assets, end of year$67,590,269
Participants with balances239
Active participants200
Employer contributions$1,259,092
Employee contributions$2,361,139
Employer contribution per active participant$6,295
Average account balance$282,804
Benefits paid to participants$2,821,192
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$67.6M · 239 accts · $1.3M emplr
2023$56.7M · 217 accts · $1.2M emplr
2022$47.1M · 187 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,186
Total administrative$10,186
The Vermont Electric Power Company, Inc. 401(k) match · 2024
Employer contribution per active participant$6,295
Median for plans this size$3,635
2024$6,295 per active participant
2023$6,551 per active participant
2022$6,760 per active participant

Vermont Electric Power Company, Inc.'s 2024 employer contribution ran above 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$10,186

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$10,186 · 0.02%
2023$3,382 · 0.01%
2022Not separately reported
Same employer
Similar plansUtilities · Vermont
Terra-Gen, LLC NY$68.6M · 0.19%
Joseph Jingoli & Son, Inc. NJ$65.7M · 0.36%
Gas South, LLC GA$65.1M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030195580 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.