2023 Form 5500 filing — Hugo'S 401(K) Profit Sharing Plan And Trust
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241008113113NAL0029675968001) for Hugo'S 401(K) Profit Sharing Plan And Trust, reported by Valley Markets, Inc. under EIN 45-0273731 and plan number 001. It reports 752 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241008113113NAL0029675968001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Valley Markets, Inc.
- EIN
- 45-0273731
- Plan number
- 001
- Location
- Grand Forks, ND
- Participants
- 752
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $18,103,836
- Total liabilities (EOY)
- $19,757
- Net assets (EOY)
- $18,084,079
- Employer contributions
- $204,742
- Participant contributions
- $589,969
- Total income / additions
- $3,294,489
- Benefits paid
- $1,663,539
- Administrative expenses
- $85,264
- Total expenses
- $1,748,803
- Net increase / (decrease)
- $1,545,686
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Alerus Financial, N.A. | NONE | $73,047 | not reported in the loaded dataset |
| Alerus Investment Advisors | NONE | $12,217 | not reported in the loaded dataset |