Plan Ledger DOL Form 5500 · updated monthly

Valley Queen Cheese Factory, Inc.401(k)

VALLEY QUEEN CHEESE FACTORY, INC. 401(K) PROFIT SHARING PLAN · MILBANK, SD · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Valley Queen Cheese Factory, Inc. reported $107,754 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $3,097 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 rose from 0.19% to 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 46th-largest of 233 plans among South Dakota employers on file, and the 3,463rd of 13,661 in manufacturing. In 2024, employees put in $1.45 for every $1.00 the employer contributed; active participation has grown from 325 to 428 since 2022.

Plan summary
Net assets, end of year$43,522,480
Participants with balances458
Active participants428
Employer contributions$1,325,564
Employee contributions$1,925,875
Employer contribution per active participant$3,097
Average account balance$95,027
Benefits paid to participants$3,827,059
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$43.5M · 458 accts · $1.3M emplr
2023$38.2M · 386 accts · $1.1M emplr
2022$33.2M · 346 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$107,754
Total administrative$107,754
The Valley Queen Cheese Factory, Inc. 401(k) match · 2024
Employer contribution per active participant$3,097
Median for plans this size$2,416
2024$3,097 per active participant
2023$3,064 per active participant
2022$3,095 per active participant

Valley Queen Cheese Factory, Inc.'s 2024 employer contribution ran above 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
FIRST BANK & TRUST · Recordkeeping · Trustee$91,863
EIDE BAILLY, LLP · Accounting / audit$15,890

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

Recordkeeper by year2
2024FIRST BANK & TRUST
2023FIRST BANK & TRUST

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

Administrative cost history3
2024$107,754 · 0.26%
2023$96,569 · 0.27%
2022$71,123 · 0.19%
All plans at this employer2
VALLEY QUEEN CHEESE FACTORY, INC. 401(K) PROFIT SHARING PLAN401(k)
VALLEY QUEEN COMPANY STOCK PROFIT SHARING PLAN AND TRUSTStock bonus plan
Same employer
Similar plansManufacturing · South Dakota
Trail King Industries, Inc. SD$68.1M · 0.04%
Raven Industries, Inc. SD$56.8M · 0.18%
Aerostar International, LLC SD$36.9M · 0.10%
Viaflex, Inc. SD$32.9M · 0.35%
Shur-Co, LLC SD$21.7M · 0.26%
Persona Signs, LLC SD$20.5M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460220490 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.