Plan Snapshot
- Plan Sponsor: Vermont Precision Tools, INC.
- Sponsor EIN: 030221054
- Sponsor Address: 10 PRECISION LANE, SWANTON, VT, 05488
- Plan Type: 401(k)
- Total Participants: 282
- Total Assets: $12.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 282 | $12.9M | $184,105 | $748,121 |
| 2023 | 270 | $11.3M | $174,964 | $710,267 |
| 2022 | 270 | $9.2M | $169,202 | $715,085 |
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 |
|---|---|---|---|---|
| KITTELL, BRANAGAN & SARGENT | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $87,494 | $49,474 | $38,003 | — | — |
| 2023 | $56,447 | $36,158 | $20,289 | — | — |
| 2022 | $40,792 | $5,484 | $7,724 | — | $27,584 |