Plan Snapshot
- Plan Sponsor: Valley Electrical Contractors, INC.
- Sponsor EIN: 382338712
- Sponsor Address: 3079 EAST COMMERCIAL DRIVE, MIDLAND, MI, 48642
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 140
- Total Assets: $7.9M
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 | 140 | $7.9M | $970,465 | $849,467 |
| 2023 | 143 | $7.7M | $219,395 | $736,343 |
| 2022 | 131 | $5.9M | $111,549 | $683,750 |
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 |
|---|---|---|---|---|
| ONEDIGITAL INVESTMENT ADVISORS LLC | Investment Advisor | $24,224 | — | $24,224 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $19,378 | — | $19,378 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $15,494 | — | $15,494 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ONEDIGITAL INVESTMENT ADVISORS LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $59,096
- Estimated Expense Ratio: 0.750% 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 | $62,381 | $43,602 | — | — | — |
| 2023 | $44,201 | $33,854 | — | — | — |
| 2022 | $39,801 | — | $39,801 | — | — |