Plan Snapshot
- Plan Sponsor: Vermont Auto Dealers Assoc., INC
- Sponsor EIN: 030213537
- Sponsor Address: PO BOX 747, MONTPELIER, VT, 05601
- Plan Type: 401(k)
- Plan Number: 502
- Total Participants: 1,668
- Total Assets: $189,842
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,668 | $189,842 | $432,400 | $388,493 |
| 2023 | 1,848 | $141,903 | $433,692 | $386,708 |
| 2022 | 1,763 | $94,093 | $283,841 | $283,029 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| NORTHEAST DELTA DENTAL | Other Service Provider | $61,929 | — | $61,929 |
| GRIPPIN DONLAN & PINKHAM, PLC | Other Service Provider | $24,000 | — | $24,000 |
| VERMONT AUTO DEALERS ASSOC. INC. | Other Service Provider | $18,783 | — | $18,783 |
| UNUM LIFE INS. CO. OF AMERICA | Other Service Provider | $7,590 | — | $7,590 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $112,302
- Estimated Expense Ratio: 59.156% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $126,478 | — | $91,472 | $24,000 | — |
| 2023 | $127,221 | — | $93,638 | $24,000 | — |
| 2022 | $100,488 | — | $68,836 | — | $19,000 |