Plan Snapshot
- Plan Sponsor: Valmet, INC.
- Sponsor EIN: 561508400
- Sponsor Address: 3720 DAVINCI COURT, NORCROSS, GA, 300927627
- Plan Type: 401(k)
- Total Participants: 2,157
- Total Assets: $431.6M
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 | 2,157 | $431.6M | $5.3M | $17.7M |
| 2023 | 1,923 | $390.7M | $4.7M | $15.6M |
| 2022 | 1,875 | $256.6M | $2.7M | $10.9M |
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 |
|---|---|---|---|---|
| SMITH & HOWARD, PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $263,817 | — | $263,817 | — | — |
| 2023 | $257,919 | — | $257,919 | — | — |
| 2022 | $198,735 | — | $198,735 | — | — |