Plan Snapshot
- Plan Sponsor: Valley Opportunity Council, INC.
- Sponsor EIN: 042692763
- Sponsor Address: 35 MT CARMEL AVE, CHICOPEE, MA, 010134113
- Plan Type: 401(k)
- Total Participants: 361
- Total Assets: $8.2M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 361 | $8.2M | $266,665 | $365,781 |
| 2023 | 357 | $7.1M | $229,204 | $297,693 |
| 2022 | 268 | $6.2M | $807,328 | $291,569 |
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 |
|---|---|---|---|---|
| MUTUAL OF AMERICA INVESTMENT CORP | RECORD KEEPER | $10,137 | — | $10,137 |
| WHITTLESEY PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,137
- Estimated Expense Ratio: 0.124% 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 | $10,200 | — | — | — | — |
| 2023 | $3,692 | — | — | — | — |
| 2022 | $3,495 | — | — | — | — |