Green Mountain Power Corporation 401(k) Review & Grade
Green Mountain Power Corporation Employee Savings and Investment Plan and Trust
Rutland, VTUtilities526 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,323Employer $ per active participant
$15,095Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$243.3MNet plan assets, end of year
$343,139Average balance per account
Score breakdown
- Employer generosity29.1 / 5058th percentile for employer $ per participant
- Low cost17.7 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1585th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Utilities plans with 500–2,499 active participants (75 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 71th |
| Employee saving | 85th |
| Peers that auto-enroll | 76% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Green Mountain Power put in about $7,323 per active participant, more than the typical peer ($6,264). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,855,699 |
| Participant (employee) contributions | $7,947,740 |
| Other contributions (incl. rollovers in) | $956,065 |
| Administrative expenses paid from the plan | $264,833 |
| Other admin expenses | $128,878 |
| Benefits paid out | $20,066,690 |
| Net assets, start / end of year | $220.1M / $243.3M |
| Active participants, start / end of year | 520 / 533 |
| Participants with account balances | 709 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mcsoley Mccoy & Co |
Largest service providers (Schedule C)
| Gosselin Consulting Group LLC | $58,000 reported compensation |
| T Rowe Price RPS Inc | $48,127 reported compensation |
| Mcsoley Mccoy & Co. | $19,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013121044NAL0001187393001, received 2025-10-13, EIN 03-0127430, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.