Plan Snapshot
- Plan Sponsor: Minnesota Valley Electric Cooperative
- Sponsor EIN: 410419150
- Sponsor Address: 125 MINNESOTA VALLEY ELECTRIC, JORDAN, MN, 55352
- Plan Type: 401(k)
- Total Participants: 43
- Total Assets: $7.3M
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 | 43 | $7.3M | $220,394 | $429,986 |
| 2023 | 35 | $6.4M | $185,556 | $338,963 |
| 2022 | 34 | $5.2M | $159,254 | $340,364 |