Plan Ledger DOL Form 5500 · updated monthly

Vermont State Employees Credit Union401(k)

VERMONT STATE EMPLOYEES CREDIT UNION CAPITAL ACCUMULATION PLAN · MONTPELIER, VT · plan year 2022

Reported admin expense ratio · 2022
0.34%

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

Vermont State Employees Credit Union reported $83,415 in plan administrative expenses for 2022: 0.34% of average plan assets, above the peer median. Employer contributions averaged $4,343 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is the 82nd-largest of 230 plans among Vermont employers on file, and 2,798th of 4,798 in finance & insurance. In 2022, employees put in $1.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,414,906
Participants with balances383
Active participants199
Employer contributions$864,207
Employee contributions$1,097,646
Employer contribution per active participant$4,343
Average account balance$61,136
Benefits paid to participants$822,476
Plan auditUnmodified (clean) audit opinion
AuditorMCSOLEY MCCOY & COMPANY
Plan history2
Yearassets · accounts · employer contribution
2023$0
2022$23.4M · 383 accts · $864K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$80,645
Professional / advisory$2,770
Total administrative$83,415
The Vermont State Employees Credit Union 401(k) match · 2022
Employer contribution per active participant$4,343
Median for plans this size$2,266

Vermont State Employees Credit Union's 2022 employer contribution ran above the $2,266 median for plans its size, placing it in the top 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$83,415 · 0.34%
Similar plansFinance & Insurance · Vermont
Richards, Inc. VT$36.8M · 0.07%
Union Bank VT$36.3M · 0.18%
McIc Vermont, LLC VT$28.8M · 0.00%
Passumpsic Savings Bank VT$25.7M · 0.24%
Dealerpolicy, Inc. VT$12.0M · 0.53%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 030184985 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.