Plan Ledger DOL Form 5500 · updated monthly

Valley Unique Electric, Inc.401(k)

VALLEY UNIQUE ELECTRIC, INC. 401(K) & PREVAILING WAGE PLAN · CLOVIS, CA · plan year 2021

Reported admin expense ratio · 2021
0.58%

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

Valley Unique Electric, Inc. reported $37,837 in plan administrative expenses for 2021: 0.58% of average plan assets, above the peer median. Employer contributions averaged $5,941 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 0.21% to 1.59%. The plan sits in the $1M–$10M size bracket, benchmarked here against 289 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in California (6,279th of 9,483), and 3,554th of 5,337 in construction. In 2021, the employer put in $4.96 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$7,172,332
Participants with balances154
Active participants84
Employer contributions$499,046
Employee contributions$100,648
Employer contribution per active participant$5,941
Average account balance$46,574
Benefits paid to participants$196,039
Plan auditUnmodified (clean) audit opinion
AuditorBD & ASSOCIATES CPAS, PLLC
Plan history3
Yearassets · accounts · employer contribution
2022$30K · 1 accts · $304K emplr
2021$7.2M · 154 accts · $499K emplr
2020$6.0M · 157 accts · $327K emplr
Administrative expenses, itemized · 2021
Recordkeeping & contract admin$37,837
Total administrative$37,837
The Valley Unique Electric, Inc. 401(k) match · 2021
Employer contribution per active participant$5,941
Median for plans this size$994
2021$5,941 per active participant
2020$4,091 per active participant

Valley Unique Electric, Inc.'s 2021 employer contribution ran above the $994 median for plans its size, placing it in the top 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 2021 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2022$57,348 · 1.59%
2021$37,837 · 0.58%
2020$12,099 · 0.21%
Similar plansConstruction · California
McE Corporation CA$7.1M · 0.47%
Atlas Mechanical, Inc. CA$7.0M · 0.75%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770048023 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.