Valley Senior Living 401(k) Review & Grade
Valley Senior Living Retirement Plan
Grand Forks, NDHealth Care & Social Assistance557 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,810Employer $ per active participant
$2,581Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$34.4MNet plan assets, end of year
$54,592Average balance per account
Score breakdown
- Employer generosity40.6 / 5081th percentile for employer $ per participant
- Low cost7.4 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving7.6 / 1551th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 29th |
| Employee saving | 51th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Valley Senior Living put in about $2,810 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.41% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,564,978 |
| Participant (employee) contributions | $1,437,422 |
| Other contributions (incl. rollovers in) | $130,288 |
| Administrative expenses paid from the plan | $131,543 |
| Benefits paid out | $2,177,863 |
| Net assets, start / end of year | $29.4M / $34.4M |
| Active participants, start / end of year | 623 / 491 |
| Participants with account balances | 631 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Brady Martz & Associates, P.C. |
Largest service providers (Schedule C)
| Alerus Financial | $120,143 reported compensation |
| Brady Martz & Associates | $11,400 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009154841NAL0006838225003, received 2025-10-09, EIN 45-0448164, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.