Plan Snapshot
- Plan Sponsor: Valmark, INC.
- Sponsor EIN: 911110337
- Sponsor Address: P.O. BOX 948, FRIDAY HARBOR, WA, 98250
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 103
- Total Assets: $10.3M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 103 | $10.3M | $250,347 | $310,064 |
| 2023 | 97 | $9.1M | $183,123 | $318,770 |
| 2022 | 97 | $7.1M | $169,525 | $276,272 |
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 |
|---|---|---|---|---|
| LC MORGAN STANLEY | Other Service Provider | $18,661 | — | $18,661 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $18,661
- Estimated Expense Ratio: 0.181% 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 | $21,151 | $18,661 | $2,490 | — | — |
| 2023 | $17,084 | $14,984 | $2,100 | — | — |
| 2022 | $16,339 | $14,224 | $2,115 | — | — |