Plan Ledger DOL Form 5500 · updated monthly

Tri-Valley Opportunity Council401(k)

TRI-VALLEY OPPORTUNITY COUNCIL, INC. 401(K) SALARY DEFERRAL AND MATCH PLAN · CROOKSTON, MN · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Tri-Valley Opportunity Council reported $4,757 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,016 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 2 years on file its reported administrative ratio fell from 0.04% to 0.03%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (960th of 1,918), and the 4,001st of 11,911 in health care & social assistance. In 2024, employees put in $1.51 for every $1.00 the employer contributed; active participation has grown from 324 to 498 since 2022.

Plan summary
Net assets, end of year$17,855,425
Participants with balances427
Active participants498
Employer contributions$506,138
Employee contributions$763,166
Employer contribution per active participant$1,016
Average account balance$41,816
Benefits paid to participants$911,947
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$17.9M · 427 accts · $506K emplr
2023$15.5M · 409 accts · $491K emplr
2022$12.8M · 424 accts · $458K emplr
The Tri-Valley Opportunity Council 401(k) match · 2024
Employer contribution per active participant$1,016
Median for plans this size$2,416
2024$1,016 per active participant
2023$1,420 per active participant
2022$1,412 per active participant

Tri-Valley Opportunity Council's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$6,877

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$4,757 · 0.03%
2023$3,347 · 0.02%
2022$4,750 · 0.04%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Mobe LLC MN$18.3M · 0.42%
Cerenity Senior Care MN$18.3M · 0.05%
Radias Health MN$18.2M · 0.03%
Second Harvest Heartland MN$17.9M · 0.03%
Ableto, Inc. MN$17.8M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410888488 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.