Plan Ledger DOL Form 5500 · updated monthly

Vermont Information Processing, Inc.ESOP

VERMONT INFORMATION PROCESSING, INC. EMPLOYEE STOCK OWNERSHIP PLAN · COLCHESTER, VT · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Vermont Information Processing, Inc. reported $4,107 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,002 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 0.001% to 0.001%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other information & media employers. By assets it is the 2nd-largest of 230 plans among Vermont employers on file, and the 85th of 2,199 in information & media. active participation has grown from 415 to 585 since 2022.

Plan summary
Net assets, end of year$628,259,917
Participants with balances613
Active participants585
Employer contributions$1,755,924
Employee contributions$0
Employer contribution per active participant$3,002
Average account balance$1,024,894
Benefits paid to participants$9,851,037
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$628.3M · 613 accts · $1.8M emplr
2023$375.0M · 583 accts · $9.1M emplr
2022$349.2M · 443 accts · $7.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60
Investment management$4,047
Total administrative$4,107
Employer contributions to the Vermont Information Processing, Inc. plan · 2024
Employer contribution per active participant$3,002
Median for plans this size$4,294
2024$3,002 per active participant
2023$13,668 per active participant
2022$17,548 per active participant

Vermont Information Processing, Inc.'s 2024 employer contribution ran below the $4,294 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.

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$4,107 · 0.00%
2023$3,941 · 0.00%
2022$4,171 · 0.00%
All plans at this employer2
VERMONT INFORMATION PROCESSING, INC. PROFIT SHARING PLAN401(k)
VERMONT INFORMATION PROCESSING, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 030231253 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.