Plan Ledger DOL Form 5500 · updated monthly

Valley Senior Living401(k)

VALLEY SENIOR LIVING RETIREMENT PLAN · GRAND FORKS, ND · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Valley Senior Living reported $131,543 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $3,187 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 0.412%. 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 the 74th-largest of 279 plans among North Dakota employers on file, and the 2,498th of 11,911 in health care & social assistance. In 2024, the employer put in $1.09 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$34,447,366
Participants with balances631
Active participants491
Employer contributions$1,564,978
Employee contributions$1,437,422
Employer contribution per active participant$3,187
Average account balance$54,592
Benefits paid to participants$2,177,863
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$34.4M · 631 accts · $1.6M emplr
2023$29.4M · 621 accts · $1.5M emplr
2022$24.9M · 630 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Audit (IQPA)$11,400
Trustee / custodial$120,143
Total administrative$131,543
The Valley Senior Living 401(k) match · 2024
Employer contribution per active participant$3,187
Median for plans this size$2,416
2024$3,187 per active participant
2023$2,519 per active participant
2022$2,600 per active participant

Valley Senior Living'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
ALERUS FINANCIAL · Trustee$120,143
BRADY MARTZ & ASSOCIATES · Accounting / audit$11,400

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$131,543 · 0.41%
2023$116,009 · 0.43%
2022$109,938 · 0.41%
Same employer
Similar plansHealth Care & Social Assistance · North Dakota
St. Alexius Medical Center ND$164.9M · 0.17%
Mid Dakota Clinic, P.C. ND$81.0M · 0.18%
Dakota Eye Institute, PC ND$30.7M · 0.24%
Hit, Inc. ND$27.4M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450448164 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.