Plan Ledger DOL Form 5500 · updated monthly

Shoestring Valley Holdings Inc.401(k)

SHOESTRING VALLEY HOLDINGS RETIREMENT PLAN · PORTLAND, OR · plan year 2024

Reported admin expense ratio · 2024
0.51%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Shoestring Valley Holdings Inc. reported $490,754 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~90% of peers. Employer contributions averaged $12,541 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.509%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 103rd-largest of 1,021 plans among Oregon employers on file, and the 606th of 5,337 in construction. In 2024, the employer put in $2.09 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$101,338,076
Participants with balances465
Active participants416
Employer contributions$5,217,153
Employee contributions$2,491,180
Employer contribution per active participant$12,541
Average account balance$217,931
Benefits paid to participants$9,162,124
Plan auditUnmodified (clean) audit opinion
AuditorALDRICH CPAS & ADVISORS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$101.3M · 465 accts · $5.2M emplr
2023$91.5M · 459 accts · $4.6M emplr
2022$77.0M · 411 accts · $5.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,029
Investment management$433,150
Total administrative$490,754
The Shoestring Valley Holdings Inc. 401(k) match · 2024
Employer contribution per active participant$12,541
Median for plans this size$3,635
2024$12,541 per active participant
2023$10,764 per active participant
2022$13,868 per active participant

Shoestring Valley Holdings Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
JOHN HANCOCK LIFE INSURANCE CO. · Recordkeeping · Investment management$50,329
QUEST INVESTMENT MANAGEMENT INC · Investment management$376,521
RAYMOND JAMES FINANCIAL SERVICES · Investment advisory (participants)$46,916
FERGUSON WELLMAN CAPITAL MANAGEMENT · Securities brokerage$9,713
INDEPENDENT RETIREMENT CONSULTING · Contract administrator$2,700

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$490,754 · 0.51%
2023$424,323 · 0.50%
2022$406,471 · 0.51%
All plans at this employer2
SHOESTRING VALLEY HOLDINGS RETIREMENT PLAN401(k)
SHOESTRING VALLEY HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansConstruction · Oregon
Walsh Construction Co. OR$158.7M · 0.03%
Fortis Construction Inc. OR$66.0M · 0.34%
Wilson Construction Company OR$49.0M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930422424 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.