Retirement plan

GREEN MOUNTAIN CREDIT UNION 401(K) PLAN & TRUST

Name: GREEN MOUNTAIN CREDIT UNION - GREEN MOUNTAIN CREDIT UNION 401(K) PLAN & TRUST (2024) Form 5500
Creator: GREEN MOUNTAIN CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREEN MOUNTAIN CREDIT UNION 401(K) PLAN & TRUST, GREEN MOUNTAIN CREDIT UNION

GREEN MOUNTAIN CREDIT UNIONEIN 03-0213165Plan #001PY 2024

1250 SHELBURNE RD - SOUTH BURLINGTON, VT 054037783802-864-6892greenmountaincu.comLinkedIn11-50 employeesbanking

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$604K

+44.1% from 2023

Total participants

+50.0% from 2023

Average account balance

$23,223

-0.2% from 2023

Annual return

10.66%

-8.55 pp from 2023

Benchmarks

See 37,207 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort37,207 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$604K

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

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.

136.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$145K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+10.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$253

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

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2T2J3D2E

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.
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.

Opportunity flags

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$7K

$347 / participant

Other / not subdivided$7K100.0%

% of EOY assets

1.091%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,223

$201,259-88.5%

$184,200-87.4%

$145,959-84.1%

Participation rate

94.7%

87.5%+7.2pp

86.8%+7.9pp

80.3%+14.5pp

Annual return

10.66%

28.98%-18.3pp

28.80%-18.1pp

561.95%-551.3pp

Employer contribution / active EE

$3,449

$7,018-50.9%

$6,424-46.3%

$4,661-26.0%

Participant deferral / active EE

$4,171

$9,806-57.5%

$9,132-54.3%

$6,689-37.6%

Admin fee / account holder

$253

$16,372-98.5%

$13,907-98.2%

$13,398-98.1%

GREEN MOUNTAIN CREDIT UNION 401(K) PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREEN MOUNTAIN CREDIT UNION 401(K) PLAN & TRUST

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