Plan Snapshot
- Plan Sponsor: Valley Electric Company Of Mt. Vernon
- Sponsor EIN: 911275610
- Sponsor Address: 1100 MERRILL CREEK PKWY, EVERETT, WA, 982037120
- Plan Type: 401(k)
- Total Participants: 119
- Total Assets: $17.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 119 | $17.0M | $251,563 | $942,271 |
| 2023 | 100 | $15.1M | $215,853 | $905,664 |
| 2022 | 90 | $12.4M | $226,259 | $821,931 |
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 |
|---|---|---|---|---|
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US, 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 | $2,311 | — | $2,311 | — | — |
| 2023 | $2,929 | — | $2,929 | — | — |
| 2022 | $11,740 | — | $11,740 | — | — |