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Department of Labor filing

MINNESOTA VALLEY ACTION COUNCIL

MINNESOTA VALLEY ACTION COUNCIL 401K PLAN · For the plan year ended Dec 31, 2022

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Public filing 2022 · received Sep 6, 2023Verified current terms Not available

Plan at a glance

How good does the filing look?

There is not enough comparable filing data to judge this plan yet. This is a filing comparison, not a complete benefits score.

$Employer support
Not reported

Reported employer contributions per active participant.

#People in the filing
249

Active participants reported for 2022.

The filing does not say how many employees are currently contributing.
¢Visible plan-paid fees
$61 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 49% of comparable plans
↗Investment performance
Not available

Plan assets changed -4.9%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.
What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓
Filing comparison · 2022—There is not enough comparable filing data to calculate this yet.

How this filing compares

Reported employer contributionsNot enough dataTypical peer $970 · based on 940 comparable plans
Lower reported administrative expense49th percentileTypical peer $58 · based on 977 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2022, MINNESOTA VALLEY ACTION COUNCIL reported Not reported in employer contributions across the plan and 249 active participants. That works out to Not reported per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy95%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendNot enough history

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 0.0%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer contextNot enough data

Comparable-plan data is too limited for a score.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions
Not reported
Participant contributions
$234,743
Other contributions
Not reported
Employer share of reported contributions
Not reported
Beginning assets
$1,823,789
Ending assets
$1,734,439
Ending net assets
$1,734,439
Ending liabilities
$0
Total income
-$19,829
Total expenses
$69,521
Administrative expenses
$14,587
Participant loans
Not reported

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant
2022
Not reported
Plan-paid administrative expenses per participant
2022
$61
Active participants
2022
249
Detailed filing history
Plan yearPer active participantActive participantsPlan assetsFiling ID
2022Not reported2491.7M20230906151436NAL0013518817001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets
Not stated in the filing
Independent accountant’s opinion
Unqualified opinion Code 1
Late participant contributions reported
Not stated in the filing
Public plan identifier
416050353-002

Reported plan details

Identity and filing status

Plan type
Retirement plan
Employer arrangement
Single-employer plan
Plan effective date
Apr 1, 2017
Industry
Health care and social assistance
Amended filing
No
Final filing for this plan
No
Short plan year
No
401(k) feature reported
Yes
Show DOL characteristic codes2F2G2J3D

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

ProviderPlan yearDirect compensationIndirect compensation
ALLSPRING FUNDS MANAGEMENT LLC2022Not reportedunknown
BAILLIE GIFFORD OVERSEAS LTD2022Not reportedunknown
BENEFIT PLANS ADMIN SERVICES, INC.2022Not reportedunknown
CAPITAL RESEARCH AND MGMT CO.2022Not reportedunknown
COHEN & STEERS CAPITAL MGMT., INC.2022Not reportedunknown
DIMENSIONAL FUND ADVISORS LP2022Not reportedunknown
EULAV ASSET MANAGEMENT2022Not reportedunknown
FIDELITY MGMT. RESEARCH, INC.2022Not reportedunknown
FRANKLIN ADVISERS, INC.2022Not reportedunknown
HARTFORD FUNDS MGMT. COMPANY, LLC2022Not reportedunknown
JOHN HANCOCK ADVISERS LLC2022Not reportedunknown
JP MORGAN INVESTMENT MGMT CO2022Not reportedunknown
NORTHERN TRUST INVESTMENTS INC.2022Not reportedunknown
PACIFIC INVESTMENT MANAGEMENT CO.2022Not reportedunknown
PGIM INVESTMENTS (PRUDENTIAL)2022Not reportedunknown
RELIANCE TRUST CO. STABLE VALUE2022Not reportedunknown
SCHRODER INVESTMENT MGMT NA INC2022Not reportedunknown
SYSTELLIGENCE, LLC2022Not reportedunknown
TEACHERS ADVISORS LLC2022Not reportedunknown
THE VANGUARD GROUP, INC.2022Not reportedunknown
VICTORY CAPITAL MANAGEMENT INC.2022Not reportedunknown

Current plan terms

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Filing ACK_ID20230906151436NAL0013518817001
Data sourceDOL Form 5500 bulk data ↗
Filing searchEFAST2 ↗