Hugo'S 401(K) Profit Sharing Plan And Trust — Form 5500 plan (Valley Markets, Inc.)

Plain-English plan 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, Hugo'S 401(K) Profit Sharing Plan And Trust is a benefit plan reported by Valley Markets, Inc. under EIN 45-0273731 and plan number 001. The latest loaded filing year is 2023. The filing reports 752 participants and $18,103,836 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Valley Markets, Inc.
EIN
45-0273731
Plan number
001
Plan type
2
Location
Grand Forks, ND
Latest filing year
2023
Participants
752
End-of-year plan assets
$18,103,836

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023752H, C20241008113113NAL0029675968001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$18,103,836
Total liabilities (EOY)
$19,757
Net assets (EOY)
$18,084,079
Net assets (BOY)
$16,538,393

Income & contributions

Employer contributions
$204,742
Participant contributions
$589,969
Total contributions
$817,855
Total income / additions
$3,294,489

Expenses & distributions

Benefits paid
$1,663,539
Administrative expenses
$85,264
Total expenses
$1,748,803
Net increase / (decrease)
$1,545,686

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Alerus Financial, N.A.NONE$73,047not reported in the loaded dataset2023
Alerus Investment AdvisorsNONE$12,217not reported in the loaded dataset2023

Related Form 5500 pages