Plan Snapshot
- Plan Sponsor: Valkyrie Enterprises, LLC
- Sponsor EIN: 061818880
- Sponsor Address: 2877 GUARDIAN LANE, STE 300, VIRGINIA BEACH, VA, 23452
- Plan Type: 401(k)
- Total Participants: 724
- Total Assets: $87.4M
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 | 724 | $87.4M | $4.2M | $6.6M |
| 2023 | 775 | $75.6M | $4.1M | $6.3M |
| 2022 | 782 | $49.4M | $2.0M | $4.2M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $251,498 | — | $251,498 |
| UBS FINANCIAL SERVICES INC | Investment Advisor | — | $82,824 | $82,824 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL SERVICES INC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $334,322
- Estimated Expense Ratio: 0.383% of plan assets
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 | $251,498 | — | $251,498 | — | — |
| 2023 | $241,696 | — | $241,696 | — | — |
| 2022 | $210,887 | — | $194,891 | — | $15,996 |