# Valley Electrical Contractors, INC. 401(k) Plan
Source: https://planprovider.pro/companies/valley-electrical-contractors-inc-382338712-001

> Valley Electrical Contractors, INC.'s 401(k) plan: 140 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/valley-electrical-contractors-inc-382338712-001)

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