Plan Snapshot
- Plan Sponsor: Minnesota Valley Testing Laboratories, INC.
- Sponsor EIN: 410812450
- Sponsor Address: P.O. BOX 249, NEW ULM, MN, 560730249
- Plan Type: 401(k)
- Total Participants: 179
- Total Assets: $25.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 179 | $25.7M | $191,418 | $1.0M |
| 2023 | 175 | $22.5M | $178,737 | $973,774 |
| 2022 | 196 | $18.5M | $170,066 | $907,319 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EIDE BAILLY, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $42,807 | $15,347 | — | — | — |
| 2023 | $41,840 | $16,056 | — | — | — |
| 2022 | $25,572 | $2,850 | — | — | — |