Plan Snapshot
- Plan Sponsor: Valleystar Credit Union
- Sponsor EIN: 546040482
- Sponsor Address: 35 DUPONT ROAD PO BOX 5511, MARTINSVILLE, VA, 24112
- Plan Type: 401(k)
- Total Participants: 140
- Total Assets: $16.4M
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. |
|---|---|---|---|---|
| 2024 | 140 | $16.4M | $857,815 | $573,819 |
| 2023 | 128 | $14.5M | $679,730 | $473,511 |
| 2022 | 108 | $11.6M | $617,996 | $383,562 |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | Recordkeeper | $9,513 | — | $9,513 |
| FLEXPATH STRATEGIES LLC | Other Service Provider | $7,060 | — | $7,060 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STANCORP FINANCIAL GROUP — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $16,573
- Estimated Expense Ratio: 0.101% 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 | $11,774 | — | $11,774 | — | — |
| 2023 | $8,496 | — | $8,496 | — | — |
| 2022 | $9,101 | — | $9,101 | — | — |