Plan Ledger DOL Form 5500 · updated monthly

Vermont Energy Investment Corporation403(b)

VERMONT ENERGY INVESTMENT CORP. TAX DEFERRED ANNUITY PLAN · WINOOSKI, VT · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Vermont Energy Investment Corporation reported $184,581 in plan administrative expenses for 2024: 0.32% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,439 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 0.28% to 0.32%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 33rd-largest of 230 plans among Vermont employers on file, and the 2,297th of 11,654 in professional & technical services. In 2024, employees put in $2.75 for every $1.00 the employer contributed; active participation has grown from 322 to 389 since 2022.

Plan summary
Net assets, end of year$61,911,978
Participants with balances477
Active participants389
Employer contributions$1,337,748
Employee contributions$3,676,718
Employer contribution per active participant$3,439
Average account balance$129,795
Benefits paid to participants$5,085,256
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$61.9M · 477 accts · $1.3M emplr
2023$54.3M · 454 accts · $1.2M emplr
2022$44.5M · 425 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,309
Investment management$119,272
Total administrative$184,581
Employer contributions to the Vermont Energy Investment Corporation plan · 2024
Employer contribution per active participant$3,439
Median for plans this size$3,635
2024$3,439 per active participant
2023$3,358 per active participant
2022$3,320 per active participant

Vermont Energy Investment Corporation's 2024 employer contribution ran below 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 · 20242
NEWPORT GROUP, INC. · Loan processing · Recordkeeping$65,309
MORGAN STANLEY GLOBAL · Investment advisory (plan)$119,272

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$184,581 · 0.32%
2023$117,205 · 0.24%
2022$136,122 · 0.28%
Same employer
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Koley Jessen P.C., L.L.O. NE$62.0M · 0.14%
Frontier Technology, Inc. OH$62.0M · 0.59%
Avion Solutions, Inc. AL$61.9M · 0.24%
National Debt Relief NY$61.9M · 0.57%
Willowtree, LLC VA$61.8M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030304418 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.