Plan Snapshot
- Plan Sponsor: Valon Technologies, INC.
- Sponsor EIN: 842070751
- Sponsor Address: 860 BROADWAY, 4TH FLOOR, NEW YORK, NY, 10003
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 658
- Total Assets: $16.1M
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 | 658 | $16.1M | $0 | $0 |
| 2024 | 430 | $9.0M | $845,371 | $2.0M |
| 2023 | 129 | $4.0M | $472,674 | $1.6M |
| 2022 | 142 | $1.6M | $0 | $1.2M |
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 |
|---|---|---|---|---|
| ALLIANT INSURANCE SERVICES | Other Service Provider | $31,554 | $25,477 | $57,031 |
| EMPOWER LIFE & ANNUITY INSURANCE | Recordkeeper | $32,962 | — | $32,962 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $89,993
- Estimated Expense Ratio: 0.560% 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 | $1,148,847 | $31,989 | — | — | — |
| 2024 | $15,022 | — | $15,022 | — | — |
| 2023 | $329,434 | — | — | — | — |
| 2022 | $355,895 | — | — | — | — |