Plan Ledger DOL Form 5500 · updated monthly

Valley Sales, Inc.401(k)

VALLEY SALES, INC. RETIREMENT PLAN · APPLE VALLEY, MN · 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 Sales, Inc. reported $8,149 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,177 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 0.02% to 0.07%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Minnesota (1,198th of 1,918), and the 2,280th of 5,215 in retail trade. In 2024, employees put in $3.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,986,658
Participants with balances185
Active participants146
Employer contributions$171,770
Employee contributions$603,212
Employer contribution per active participant$1,177
Average account balance$64,793
Benefits paid to participants$1,412,286
Plan auditDisclaimer of opinion
AuditorCUMMINGS, KEEGAN & CO., P.L.L.P.
Plan history3
Yearassets · accounts · employer contribution
2024$12.0M · 185 accts · $172K emplr
2023$11.4M · 186 accts · $186K emplr
2022$11.9M · 191 accts · $160K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,104
Total administrative$8,149
The Valley Sales, Inc. 401(k) match · 2024
Employer contribution per active participant$1,177
Median for plans this size$2,416
2024$1,177 per active participant
2023$1,146 per active participant
2022$991 per active participant

Valley Sales, Inc.'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
MERRILL LYNCH,PIERCE,FENNER & SMITH · Recordkeeping$13,790

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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Administrative cost history3
2024$8,149 · 0.07%
2023$29,948 · 0.26%
2022$2,822 · 0.02%
Same employer
Similar plansRetail Trade · Minnesota
Fury Motors, Inc. MN$12.8M · 0.02%
Fun.com, Inc. MN$12.3M · 0.42%
Twin Cities Co-Op Partners MN$12.3M · 0.63%
Kiltie Corporation MN$11.6M · 0.36%
Jnd Holdings, Inc. MN$11.5M · 0.56%
North Star Holdco, Inc. MN$11.1M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411492158 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.