Plan Ledger DOL Form 5500 · updated monthly

Valley Isle Produce, Inc.401(k)

VALLEY ISLE PRODUCE, INC. 401(K) PLAN · KAHULUI MAUI, HI · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Valley Isle Produce, Inc. reported $13,967 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,331 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 0.11% to 0.07%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 98th-largest of 269 plans among Hawaii employers on file, and the 1,754th of 4,246 in wholesale trade. In 2024, employees put in $3.55 for every $1.00 the employer contributed; active participation has grown from 129 to 148 since 2022.

Plan summary
Net assets, end of year$21,935,863
Participants with balances171
Active participants148
Employer contributions$196,991
Employee contributions$698,734
Employer contribution per active participant$1,331
Average account balance$128,280
Benefits paid to participants$1,031,773
Plan auditUnmodified (clean) audit opinion
AuditorKKDLY LLC
Plan history3
Yearassets · accounts · employer contribution
2024$21.9M · 171 accts · $197K emplr
2023$19.5M · 160 accts · $196K emplr
2022$16.8M · 154 accts · $195K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,830
Investment management$12,137
Total administrative$13,967
The Valley Isle Produce, Inc. 401(k) match · 2024
Employer contribution per active participant$1,331
Median for plans this size$2,416
2024$1,331 per active participant
2023$1,392 per active participant
2022$1,511 per active participant

Valley Isle Produce, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. 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 · 20242
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$12,137
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,830

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

Administrative cost history3
2024$13,967 · 0.07%
2023$14,240 · 0.08%
2022$18,273 · 0.11%
Same employer
Similar plansWholesale Trade · Hawaii
Khor Buyer OH$22.0M · 0.14%
Amoskeag Beverages, LLC NH$22.0M · 0.43%
Modern Office Methods, Inc. OH$21.9M · 0.41%
Pacific Medical, Inc. CA$21.9M · 0.47%
Baldwin Supply Company MN$21.9M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 990112838 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.