Plan Snapshot
- Plan Sponsor: Valley Markets, INC.
- Sponsor EIN: 450273731
- Sponsor Address: 1950 32ND AVE SOUTH SUITE C, GRAND FORKS, ND, 58201
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 865
- Total Assets: $21.4M
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. |
|---|---|---|---|---|
| 2025 | 865 | $21.4M | $0 | $0 |
| 2024 | 830 | $17.9M | $197,956 | $566,606 |
| 2023 | 672 | $18.1M | $204,742 | $589,969 |
| 2022 | 627 | $16.6M | $564,569 | $192,095 |
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 |
|---|---|---|---|---|
| ALERUS FINANCIAL, N.A. | Other Service Provider | $70,030 | — | $70,030 |
| ALERUS INVESTMENT ADVISORS | Other Service Provider | $18,406 | — | $18,406 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $88,436
- Estimated Expense Ratio: 0.413% 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 |
|---|---|---|---|---|---|
| 2025 | $2,234,186 | $18,406 | — | — | — |
| 2024 | $89,667 | $17,370 | — | — | — |
| 2023 | $85,264 | $12,217 | — | — | — |
| 2022 | $80,813 | — | $80,813 | — | — |