Retirement plan

GREEN MOUNTAIN POWER CORPORATION EMPLOYEE SAVINGS AND INVESTMENT PLAN AND TRUST

Name: GREEN MOUNTAIN POWER CORPORATION - GREEN MOUNTAIN POWER CORPORATION EMPLOYEE SAVINGS AND INVESTMENT PLAN AND TRUST (2024) Form 5500
Creator: GREEN MOUNTAIN POWER CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREEN MOUNTAIN POWER CORPORATION EMPLOYEE SAVINGS AND INVESTMENT PLAN AND TRUST, GREEN MOUNTAIN POWER CORPORATION

GREEN MOUNTAIN POWER CORPORATIONEIN 03-0127430Plan #003PY 2024

2152 POST ROAD - RUTLAND, VT 05701802-779-3787greenmountainpower.comLinkedIn501-1000 employeesutilities

Other plans on this EIN

1 filing

#001Retirement-$149.4M assets

Prospect flagsHigh feesHigh assets / participant

Top hat statement on fileNQDC

Filed January 15, 2008

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$243.3M

+10.5% from 2023

Total participants

724

-0.1% from 2023

Average account balance

$343,139

+9.7% from 2023

Annual return

14.28%

-4.21 pp from 2023

Benchmarks

See 128 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants250-999

Cohort128 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$243.29M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$343K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

709

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

97.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.28%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$374

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
GOSSELIN CONSULTING GROUP LLC5 years Service code 16 25 BRAINTREE HILL OFFICE PARK · BRAINTREE, MA 02184	Consulting	$58,000
T ROWE PRICE RPS INC10+ years Service code 15 1307 POINT STREET · BALTIMORE, MD 21231	Recordkeeping	$48,127
MCSOLEY MCCOY & CO7 years Filed as: MCSOLEY MCCOY & CO. Service code 10 118 TILLEY DRIVE · SOUTH BURLINGTON, VT 05403	Accounting	$19,000
WILLIS TOWERS WATSON US LLC8 years Filed as: WILLIS TOWERS WATSON Service code 16 1500 MARKET ST · PHILADELPHIA, PA 19102	Consulting	$12,250
CHARLES SCHWAB & CO., INC.7 years Service code 33 · EIN 94-1737782	Float revenue; Direct payment from th...	$45

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$265K

$497 / participant

Recordkeeping$50K19.0%
Other trustee fees$64K24.2%
Other / not subdivided$151K56.8%

% of EOY assets

0.109%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: MCSOLEY MCCOY & CO
Auditor EIN: 030327374
Audit fees: $21,625
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$343,139

$155,364+120.9%

$103,464+231.6%

$77,671+341.8%

Participation rate

97.2%

85.5%+11.7pp

80.5%+16.7pp

70.6%+26.6pp

Annual return

14.28%

19.02%-4.7pp

23.91%-9.6pp

31.21%-16.9pp

Employer contribution / active EE

$7,234

$5,949+21.6%

$4,677+54.7%

$2,726+165.3%

Participant deferral / active EE

$14,911

$8,482+75.8%

$6,624+125.1%

$4,648+220.8%

Admin fee / account holder

$374

$503-25.7%

$9,410-96.0%

$430-13.2%

Provider

Service type

Compensation

GOSSELIN CONSULTING GROUP LLC5 years

Service code 16

25 BRAINTREE HILL OFFICE PARK · BRAINTREE, MA 02184

Consulting

$58,000

T ROWE PRICE RPS INC10+ years

Service code 15

1307 POINT STREET · BALTIMORE, MD 21231

Recordkeeping

$48,127

MCSOLEY MCCOY & CO7 years

Filed as: MCSOLEY MCCOY & CO.

Service code 10

118 TILLEY DRIVE · SOUTH BURLINGTON, VT 05403

Accounting

$19,000

WILLIS TOWERS WATSON US LLC8 years

Filed as: WILLIS TOWERS WATSON

Service code 16

1500 MARKET ST · PHILADELPHIA, PA 19102

Consulting

$12,250

CHARLES SCHWAB & CO., INC.7 years

Service code 33 · EIN 94-1737782

Float revenue; Direct payment from th...

$45

GREEN MOUNTAIN POWER CORPORATION EMPLOYEE SAVINGS AND INVESTMENT PLAN AND TRUST

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREEN MOUNTAIN POWER CORPORATION EMPLOYEE SAVINGS AND INVESTMENT PLAN AND TRUST

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion