Plan Snapshot
- Plan Sponsor: Minnesota Valley Electric Cooperative
- Sponsor EIN: 410419150
- Sponsor Address: 125 MINNESOTA VALLEY ELECTRIC DR, JORDAN, MN, 55352
- Plan Type: 401(k)
- Total Participants: 62
- Total Assets: $10.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|
| 2024 | 62 | $10.8M | $394,667 | $557,425 |
| 2023 | 58 | $9.0M | $339,926 | $457,737 |
| 2022 | 57 | $7.3M | $299,358 | $457,825 |