Retirement plan

VERMONT ENERGY INVESTMENT CORP. TAX DEFERRED ANNUITY PLAN

Name: VERMONT ENERGY INVESTMENT CORPORATION - VERMONT ENERGY INVESTMENT CORP. TAX DEFERRED ANNUITY PLAN (2021) Form 5500
Creator: VERMONT ENERGY INVESTMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VERMONT ENERGY INVESTMENT CORP. TAX DEFERRED ANNUITY PLAN, VERMONT ENERGY INVESTMENT CORPORATION

VERMONT ENERGY INVESTMENT CORPORATIONEIN 03-0304418Plan #001PY 2021

20 WINOOSKI FALLS WAY, 5TH FLOOR - WINOOSKI, VT 05404802-658-6060

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$53.2M

+14.5% from 2020

Total participants

408

+5.2% from 2020

Average account balance

$131,952

+9.7% from 2020

Annual return

16.52%

-1.07 pp from 2020

Benchmarks

See 2,991 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,991 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$61.91M

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

477

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.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+14.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$387

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY4 years Filed as: MORGAN STANLEY Service code 26 WATER TOWER HILL · COLCHESTER, VT 05446	Advisory (Participants)	$84,784
NEWPORT GROUP, INC.2 years Service code 12 · EIN 27-2037969	Custodial (securities); Account maint...	$39,735
NEWPORT GROUP, INC.2 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 58-1428634	Bank Trustee	$14,605

Plan features & details

Pension benefit codes2E2F2G2J2K2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$139K

$492 / participant

Investment mgmt$85K60.9%
Contract admin$40K28.6%
Other / not subdivided$15K10.5%

% of EOY assets

0.262%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MCSOLEY MCCOY & COMPANY
Auditor EIN: 030327374
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$131,952

$104,336+26.5%

$159,474-17.3%

$86,821+52.0%

Participation rate

98.2%

77.7%+20.5pp

82.8%+15.4pp

72.3%+25.9pp

Annual return

16.52%

26.32%-9.8pp

263.68%-247.2pp

97.94%-81.4pp

Employer contribution / active EE

$3,508

$3,451+1.6%

$4,831-27.4%

$2,406+45.8%

Participant deferral / active EE

$8,350

$6,837+22.1%

$7,353+13.6%

$4,132+102.1%

Admin fee / account holder

$345

$172+100.5%

$10,802-96.8%

$170+103.6%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY4 years

Filed as: MORGAN STANLEY

Service code 26

WATER TOWER HILL · COLCHESTER, VT 05446

Advisory (Participants)

$84,784

NEWPORT GROUP, INC.2 years

Service code 12 · EIN 27-2037969

Custodial (securities); Account maint...

$39,735

NEWPORT GROUP, INC.2 years

Filed as: NEWPORT TRUST COMPANY

Service code 21 · EIN 58-1428634

Bank Trustee

$14,605

VERMONT ENERGY INVESTMENT CORP. TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VERMONT ENERGY INVESTMENT CORP. TAX DEFERRED ANNUITY PLAN

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