Vermont › Finance and insurance › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
Heritage Family Federal Credit Union Defined Benefit Plan and Trust
Sponsored by Heritage Family Federal Credit Union, Rutland, VT
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Heritage Family Federal Credit Union of Rutland, Vermont sponsors Heritage Family Federal Credit Union Defined Benefit Plan and Trust, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2025 shows 164 participants (81 active) and $22.7M in net assets.
Net assets came to $128,698 per participant in plan year 2024, well above the $80,635 median for defined benefit plans with 100 to 249 participants and above the $119,983 median for defined benefit plans in finance and insurance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 1 service provider organisation paid $5,000 or more, with reported compensation of $61K: $373 per participant, below the same-size median of $451. Administrative expenses charged to the plan were $3,250. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $12.5M in 2013 to $22.7M in 2025 (up 81%), and participants from 135 to 164 (up 21%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $128,698 | $80,635 | $119,983 | $86,221 |
| Employer contributions per active participant | — | $9,975 | $7,849 | $10,244 |
| Schedule C compensation per participant | $361 | $451 | $352 | $344 |
| Schedule C compensation, share of net assets | 0.28% | 0.52% | 0.32% | 0.42% |
| Administrative expenses per participant | $17.75 | $582 | $433 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 100 to 249 participants (1,156 plans), finance and insurance (690) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2025 | 164 | $22.7M | $138,445 | — | — | $61K |
| 2024 | 169 | $21.8M | $128,698 | — | — | $61K |
| 2023 | 173 | $22.1M | $127,705 | — | — | $59K |
| 2022 | 178 | $19.6M | $110,275 | $2.0M | — | $59K |
| 2021 | 187 | $23.0M | $122,904 | $2.0M | — | $65K |
| 2020 | 197 | $19.4M | $98,579 | $1.0M | — | $58K |
| 2019 | 187 | $16.7M | $89,385 | $2.0M | — | $56K |
| 2018 | 174 | $13.1M | $75,420 | — | — | $53K |
| 2017 | 167 | $15.6M | $93,527 | $2.0M | — | $47K |
| 2016 | 159 | $12.1M | $76,113 | — | — | $46K |
| 2015 | 147 | $11.5M | $77,898 | — | — | $47K |
| 2014 | 149 | $12.9M | $86,899 | — | — | $54K |
| 2013 | 135 | $12.5M | $92,956 | — | — | $50K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$21,749,952
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$2,376,369
- Benefits paid$1,417,964
- Administrative expenses$3,250
- Total expenses$1,421,214
- Net income$955,155
- Net transfers$0
- Net assets, end of year$22,705,107
Participants
- Active participants81
- Retired or separated, receiving benefits24
- Retired or separated, entitled to future benefits59
- Total participants, end of year164
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Stancorp Financial Group | Actuarial; Claims processing; Recordkeeping and information management; Custodial (other than securities) | $61,132 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Actuarial fees$3,250
- Total administrative expenses$3,250
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Pooled separate accounts$18.7M · 82.3%
- Insurance company general account$4.0M · 17.7%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmMcSoley McCoy & Co.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $5,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related3DPre-approved pension plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 522130: Credit Unions.
Other plans of Heritage Family Federal Credit Union
| Plan | Participants | Net assets |
|---|---|---|
| Heritage Family Federal Credit Union 401(k) Plan | 212 | $15.1M |
Similar plans in Vermont
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Vermont Mutual Insurance Company Employees' Pension Plan | Vermont Mutual Insurance Company | 260 | $57.7M | $221,925 |
| Non-Contributory Retirement Program for Certain Employees of Blue Cross and Blue Shield of Vermont | Blue Cross and Blue Shield of Vermont | 658 | $64.0M | $97,204 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is Heritage Family Federal Credit Union Defined Benefit Plan and Trust?
164 participants at the end of the plan year ending 31 Dec 2025, of whom 81 were active employees, with net assets of $22,705,107. Among defined benefit plans that places it in the 100 to 249 participants band, which held 1,156 plans in plan year 2024.
What does Heritage Family Federal Credit Union contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $61,132 in compensation to service provider organisations, $373 per participant or 0.27% of net assets. The same-size median among plans reporting any Schedule C compensation was $451 per participant. Administrative expenses on Schedule H were $3,250. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Heritage Family Federal Credit Union. Recordkeeping or administration: Stancorp Financial Group. Trustee or custodian: Stancorp Financial Group. The financial statements were audited by McSoley McCoy & Co.. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2025 to 31 Dec 2025, received by the Department of Labor on 28 Jul 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 03-0214269, plan 003, received 28 Jul 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.