Plan Snapshot
- Plan Sponsor: Vector Construction, INC.
- Sponsor EIN: 450436236
- Sponsor Address: 2504 MAIN AVENUE WEST, WEST FARGO, ND, 58078
- Plan Type: 401(k)
- Total Participants: 87
- Total Assets: $7.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 87 | $7.1M | $246,947 | $434,517 |
| 2023 | 121 | $6.4M | $307,549 | $478,063 |
| 2022 | 105 | $5.3M | $259,798 | $359,481 |
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 |
|---|---|---|---|---|
| DEFINITI | RECORDKEEPER | $37,833 | — | $37,833 |
| WATER VALLEY INVESTMENT ADVISORS, I | INVESTMENT PROFESSIONAL | $19,979 | — | $19,979 |
| JONES, NALE & MATTINGLY PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JONES, NALE & MATTINGLY PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,812
- Estimated Expense Ratio: 0.811% 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 | $53,536 | $19,979 | — | — | — |
| 2023 | $44,968 | $17,785 | — | — | — |
| 2022 | $38,775 | $22,153 | $16,622 | — | — |