Plan Ledger DOL Form 5500 · updated monthly

Vermont Precision Tools, Inc.401(k)

VERMONT PRECISION TOOLS, INC. 401(K) PLAN · SWANTON, VT · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Vermont Precision Tools, Inc. reported $87,494 in plan administrative expenses for 2024: 0.72% of average plan assets, higher than ~90% of peers. Employer contributions averaged $653 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 0.41% to 0.72%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Vermont (132nd of 230), and 7,747th of 13,661 in manufacturing. In 2024, employees put in $4.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,912,380
Participants with balances284
Active participants282
Employer contributions$184,105
Employee contributions$748,121
Employer contribution per active participant$653
Average account balance$45,466
Benefits paid to participants$617,422
Plan auditUnmodified (clean) audit opinion
AuditorKITTELL, BRANAGAN & SARGENT
Plan history2
Yearassets · accounts · employer contribution
2024$12.9M · 284 accts · $184K emplr
2022$9.2M · 290 accts · $169K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,003
Investment management$49,474
Total administrative$87,494
The Vermont Precision Tools, Inc. 401(k) match · 2024
Employer contribution per active participant$653
Median for plans this size$2,416
2024$653 per active participant
2022$627 per active participant

Vermont Precision Tools, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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$17,050
WILMINGTON TRUST · Investment advisory (plan)$49,474

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

Administrative cost history2
2024$87,494 · 0.72%
2022$40,792 · 0.41%
Same employer
Similar plansManufacturing · Vermont
Cabot Hosiery Mills, Inc. VT$14.2M · 0.13%
New England Woodcraft, Inc VT$13.9M · 0.02%
Twincraft, Inc. VT$13.6M · 0.13%
Onlogic, Inc. VT$13.3M · 0.50%
Champlain Chocolate Company VT$11.8M · 0.09%
Nsa Industries, LLC VT$11.4M · 0.75%
Rhino Foods, Inc. VT$10.9M · 0.69%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 030221054 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.