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GOLDEN VALLEY SUPPLY 401(K) AND PROFIT SHARING PLAN 401k Plan overview

Plan NameGOLDEN VALLEY SUPPLY 401(K) AND PROFIT SHARING PLAN
Plan identification number 001

GOLDEN VALLEY SUPPLY 401(K) AND PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

GOLDEN VALLEY SUPPLY CO. has sponsored the creation of one or more 401k plans.

Company Name:GOLDEN VALLEY SUPPLY CO.
Employer identification number (EIN):411246155
NAIC Classification:423300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GOLDEN VALLEY SUPPLY 401(K) AND PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01RYAN LARSON
0012023-01-01
0012023-01-01RYAN LARSON
0012022-01-01
0012022-01-01RYAN LARSON
0012021-01-01
0012021-01-01RYAN LARSON
0012020-01-01
0012019-01-01CONNIE LARSON2020-09-15 CONNIE LARSON2020-09-15
0012018-01-01CONNIE LARSON2019-06-14 CONNIE LARSON2019-06-14
0012017-01-01CONNIE LARSON2018-09-28 CONNIE LARSON2018-09-28
0012016-01-01CONNIE LARSON2017-06-23 CONNIE LARSON2017-06-23
0012015-01-01CONNIE LARSON2016-09-16 CONNIE LARSON2016-09-16
0012014-01-01CONNIE LARSON2015-05-07 CONNIE LARSON2015-05-07
0012013-01-01CONNIE LARSON2014-05-22 CONNIE LARSON2014-05-22
0012012-01-01CONNIE LARSON2013-06-05 CONNIE LARSON2013-06-05
0012011-01-01CONNIE LARSON2012-06-30 CONNIE LARSON2012-06-30
0012010-01-01CONNIE LARSON2011-09-22 CONNIE LARSON2011-09-22

Financial Data on GOLDEN VALLEY SUPPLY 401(K) AND PROFIT SHARING PLAN

Measure Date Value
2024 : GOLDEN VALLEY SUPPLY 401(K) AND PROFIT SHARING PLAN 2024 401k financial data
Transfers to/from the plan2024-01-01$0
Total plan liabilities at end of year2024-01-01$0
Total plan liabilities at beginning of year2024-01-01$0
Total income from all sources2024-01-01$2,752,099
Expenses. Total of all expenses incurred2024-01-01$286,681
Benefits paid (including direct rollovers)2024-01-01$255,669
Total plan assets at end of year2024-01-01$12,736,329
Total plan assets at beginning of year2024-01-01$10,270,911
Value of fidelity bond covering the plan2024-01-01$500,000
Assets. Value of tangible personal property2024-01-01$0
Total contributions received or receivable from participants2024-01-01$384,557
Assets. Value of loans (other than to participants)2024-01-01$0
Expenses. Other expenses not covered elsewhere2024-01-01$0
Contributions received from other sources (not participants or employers)2024-01-01$595,182
Other income received2024-01-01$1,395,488
Noncash contributions received2024-01-01$0
Net income (gross income less expenses)2024-01-01$2,465,418
Net plan assets at end of year (total assets less liabilities)2024-01-01$12,736,329
Net plan assets at beginning of year (total assets less liabilities)2024-01-01$10,270,911
Assets. Value of participant loans2024-01-01$110,022
Assets. Value of assets in partnership/joint-venture interests2024-01-01$0
Assets. Value of real-estate (other than employer real property)2024-01-01$0
Assets. Value of employer securities2024-01-01$0
Assets. Value of employer real property2024-01-01$0
Total contributions received or receivable from employer(s)2024-01-01$376,872
Value of certain deemed distributions of participant loans2024-01-01$0
Value of corrective distributions2024-01-01$0
Expenses. Administrative service providers (salaries,fees and commissions)2024-01-01$31,012
2023 : GOLDEN VALLEY SUPPLY 401(K) AND PROFIT SHARING PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$2,235,154
Expenses. Total of all expenses incurred2023-12-31$638,554
Benefits paid (including direct rollovers)2023-12-31$612,887
Total plan assets at end of year2023-12-31$10,270,911
Total plan assets at beginning of year2023-12-31$8,674,311
Value of fidelity bond covering the plan2023-12-31$500,000
Assets. Value of tangible personal property2023-12-31$0
Total contributions received or receivable from participants2023-12-31$313,409
Assets. Value of loans (other than to participants)2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$8,698
Other income received2023-12-31$1,603,332
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$1,596,600
Net plan assets at end of year (total assets less liabilities)2023-12-31$10,270,911
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$8,674,311
Assets. Value of participant loans2023-12-31$55,296
Assets. Value of assets in partnership/joint-venture interests2023-12-31$0
Assets. Value of real-estate (other than employer real property)2023-12-31$0
Assets. Value of employer securities2023-12-31$0
Assets. Value of employer real property2023-12-31$0
Total contributions received or receivable from employer(s)2023-12-31$309,715
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$25,667
2022 : GOLDEN VALLEY SUPPLY 401(K) AND PROFIT SHARING PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-1,166,069
Expenses. Total of all expenses incurred2022-12-31$72,093
Benefits paid (including direct rollovers)2022-12-31$46,572
Total plan assets at end of year2022-12-31$8,674,311
Total plan assets at beginning of year2022-12-31$9,912,473
Value of fidelity bond covering the plan2022-12-31$500,000
Assets. Value of tangible personal property2022-12-31$0
Total contributions received or receivable from participants2022-12-31$246,406
Assets. Value of loans (other than to participants)2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-1,730,855
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-1,238,162
Net plan assets at end of year (total assets less liabilities)2022-12-31$8,674,311
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$9,912,473
Assets. Value of participant loans2022-12-31$58,853
Assets. Value of assets in partnership/joint-venture interests2022-12-31$0
Assets. Value of real-estate (other than employer real property)2022-12-31$0
Assets. Value of employer securities2022-12-31$0
Assets. Value of employer real property2022-12-31$0
Total contributions received or receivable from employer(s)2022-12-31$318,380
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$25,521
2021 : GOLDEN VALLEY SUPPLY 401(K) AND PROFIT SHARING PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$1,741,505
Expenses. Total of all expenses incurred2021-12-31$240,339
Benefits paid (including direct rollovers)2021-12-31$220,767
Total plan assets at end of year2021-12-31$9,912,473
Total plan assets at beginning of year2021-12-31$8,411,307
Value of fidelity bond covering the plan2021-12-31$500,000
Assets. Value of tangible personal property2021-12-31$0
Total contributions received or receivable from participants2021-12-31$243,413
Assets. Value of loans (other than to participants)2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$11,294
Other income received2021-12-31$1,202,257
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$1,501,166
Net plan assets at end of year (total assets less liabilities)2021-12-31$9,912,473
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$8,411,307
Assets. Value of participant loans2021-12-31$48,417
Assets. Value of assets in partnership/joint-venture interests2021-12-31$0
Assets. Value of real-estate (other than employer real property)2021-12-31$0
Assets. Value of employer securities2021-12-31$0
Assets. Value of employer real property2021-12-31$0
Total contributions received or receivable from employer(s)2021-12-31$284,541
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$19,572
2020 : GOLDEN VALLEY SUPPLY 401(K) AND PROFIT SHARING PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$102
Total income from all sources2020-12-31$1,355,298
Expenses. Total of all expenses incurred2020-12-31$85,606
Benefits paid (including direct rollovers)2020-12-31$96,647
Total plan assets at end of year2020-12-31$8,411,307
Total plan assets at beginning of year2020-12-31$7,141,717
Value of fidelity bond covering the plan2020-12-31$500,000
Total contributions received or receivable from participants2020-12-31$196,528
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$1,158,770
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$1,269,692
Net plan assets at end of year (total assets less liabilities)2020-12-31$8,411,307
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$7,141,615
Assets. Value of participant loans2020-12-31$37,664
Total contributions received or receivable from employer(s)2020-12-31$0
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$-11,041

Form 5500 Responses for GOLDEN VALLEY SUPPLY 401(K) AND PROFIT SHARING PLAN

2023: GOLDEN VALLEY SUPPLY 401(K) AND PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01This submission is the final filingNo
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: GOLDEN VALLEY SUPPLY 401(K) AND PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: GOLDEN VALLEY SUPPLY 401(K) AND PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: GOLDEN VALLEY SUPPLY 401(K) AND PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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