Employers › Valley Strong Credit Union
Recordkeeping fees per participant · Valley Strong Credit Union Plan and Trust · plan year 2024
$21.82
Higher than 21% of the 14,075 plans $10 to 50M that report it.
= $15,407 / 706
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250717104104NAL0000050883004, received 2025-07-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250717104104NAL0000050883004, received 2025-07-17
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-17.
Administrative expenses excluding investment management, per participant
$21.82
Higher than 14% of the 24,371 plans $10 to 50M that report it.
= $15,407 / 706
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250717104104NAL0000050883004, received 2025-07-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250717104104NAL0000050883004, received 2025-07-17
Administrative expenses per participant
$24.39
Higher than 9% of the 25,098 plans $10 to 50M that report it.
= $17,219 / 706
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250717104104NAL0000050883004, received 2025-07-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250717104104NAL0000050883004, received 2025-07-17
Administrative expenses as a share of assets
0.038%
Higher than 11% of the 25,132 plans $10 to 50M that report it.
= $17,219 / $44,741,913
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250717104104NAL0000050883004, received 2025-07-17
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250717104104NAL0000050883004, received 2025-07-17
Employer contributions per participant
$3,267
Higher than 77% of the 24,050 plans $10 to 50M that report it.
= $2,306,596 / 706
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250717104104NAL0000050883004, received 2025-07-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250717104104NAL0000050883004, received 2025-07-17
Employer share of total contributions
38.7%
Higher than 82% of the 24,084 plans $10 to 50M that report it.
= $2,306,596 / $5,956,116
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250717104104NAL0000050883004, received 2025-07-17
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250717104104NAL0000050883004, received 2025-07-17
Plan terms are not published in public filings.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250717104104NAL0000050883004, received 2025-07-17
| Field | Value | Source |
|---|---|---|
| Plan sponsor | VALLEY STRONG CREDIT UNION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Plan name | VALLEY STRONG CREDIT UNION PLAN AND TRUST | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Sponsor EIN / plan number | 95-1652797 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Sponsor location | BAKERSFIELD, CA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Industry (business code) | 522130, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Filing received | 2025-07-17 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Participants, beginning of year | 716 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Active participants | 574 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Participants, end of year | 725 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Participants with an account balance | 706 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Total assets, beginning of year | $41,572,663 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Total assets, end of year | $44,741,913 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Net assets, end of year | $44,741,913 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Total income | $10,992,103 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Net income | $3,142,635 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Employer contributions | $2,306,596 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Participant contributions | $3,247,893 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Other contributions (incl. rollovers) | $401,627 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Total contributions | $5,956,116 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Benefit payments | $7,828,242 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Total expenses (incl. benefit payments) | $7,849,468 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Total administrative expenses | $17,219 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Recordkeeping fees | $15,407 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Investment advisory and management fees | $1,812 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Administrative expenses excluding investment management | $15,407 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Held in common/collective trusts | $31,449,596 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Held in mutual funds | $10,539,685 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250717104104NAL0000050883004, received 2025-07-17 |
| Independent auditor | TURNER, WARREN, HWANG & CONRAD, AC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250717104104NAL0000050883004, received 2025-07-17 |
Position = column in the DOL layout for form year 2024. Filing 20250717104104NAL0000050883004, received 2025-07-17.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES INCrecordkeeper | NONE | 15 Recordkeeping and information management; 26 Investment advisory (participants); 50 Direct payment from the plan; 64 Recordkeeping fees | $17,328 | no |
| CHARLES SCHWAB & CO., INC. | NONE | 59 Shareholder servicing fees | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250717104104NAL0000050883004, received 2025-07-17.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $41,572,663 | $44,741,913 | 7.6% |
| Participants with a balance | 705 | 706 | 0.1% |
| Administrative expenses | $22,364 | $17,219 | -23.0% |
| Recordkeeping fees per participant | $31.12 | $21.82 | -29.9% |
| Employer contributions | $2,269,496 | $2,306,596 | 1.6% |
Prior filing 20241003122448NAL0004858515002, received 2024-10-03; the plan years are contiguous.
Sponsor name as filed: VALLEY STRONG CREDIT UNION; SEC registrant: Valley Strong Credit Union (CIK 1976081, matched by EIN).