Retirement plan

VALLEY CARTAGE COMPANY, INC. 401(K) P/S PLAN

Name: VALLEY CARTAGE COMPANY, INC. - VALLEY CARTAGE COMPANY, INC. 401(K) P/S PLAN (2023) Form 5500
Creator: VALLEY CARTAGE COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VALLEY CARTAGE COMPANY, INC. 401(K) P/S PLAN, VALLEY CARTAGE COMPANY, INC.

VALLEY CARTAGE COMPANY, INC.EIN 39-1358351Plan #001PY 2023

721 1ST ST - HUDSON, WI 54016651-894-7601

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$3.6M

+21.6% from 2022

Total participants

120

-4.0% from 2022

Average account balance

$35,714

+32.3% from 2022

Annual return

17.98%

+34.03 pp from 2022

Benchmarks

See 4,601 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort4,601 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$4.84M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$56K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

83.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$574K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+40.87%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$151

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 1 by compensation

Provider	Service type	Compensation
MINNESOTA LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 41-0417830	Contract Administrator	$3,900

Plan features & details

Pension benefit codes2E2F2G2J3H2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$11K

$185 / participant

Contract admin$11K100.0%

% of EOY assets

0.294%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,714

$51,222-30.3%

$70,544-49.4%

$75,173-52.5%

Participation rate

69.0%

61.0%+8.0pp

68.4%+0.6pp

67.2%+1.8pp

Annual return

17.98%

30.06%-12.1pp

32.79%-14.8pp

160.72%-142.7pp

Employer contribution / active EE

$2,397

$1,827+31.2%

$2,976-19.5%

$2,671-10.3%

Participant deferral / active EE

$5,057

$2,850+77.4%

$4,568+10.7%

$4,126+22.6%

Admin fee / account holder

$105

$4,096-97.4%

$6,427-98.4%

$5,651-98.1%

Provider

Service type

Compensation

MINNESOTA LIFE INSURANCE COMPANY9+ years

Service code 13 · EIN 41-0417830

Contract Administrator

$3,900

VALLEY CARTAGE COMPANY, INC. 401(K) P/S PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VALLEY CARTAGE COMPANY, INC. 401(K) P/S PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion