VALLEY PACIFIC PETROLEUM SERVICES INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of VALLEY PACIFIC PETROLEUM SERVICES INC. 401(K) PLAN is $28,288,907.This plan was established in 1987.

At the end of 2022, the total number of retirement plan participants in VALLEY PACIFIC PETROLEUM SERVICES INC. 401(K) PLAN is 388

In 2022, the average participant retirement account value for VALLEY PACIFIC PETROLEUM SERVICES INC. 401(K) PLAN is $72,909

In 2022, the estimated average employee contribution amount per participant for VALLEY PACIFIC PETROLEUM SERVICES INC. 401(K) PLAN is $4,632

In 2022, the estimated average employer match for an employee in VALLEY PACIFIC PETROLEUM SERVICES INC. 401(K) PLAN is approximately $2,675

In 2022, VALLEY PACIFIC PETROLEUM SERVICES INC. 401(K) PLAN allocates $1,038,012 to match its employees’ contributions, providing an employer match rate of 57.83% of their contributions

In 2022, the total retirement plan asset growth rate of VALLEY PACIFIC PETROLEUM SERVICES INC. 401(K) PLAN is -10.53%

In 2022, the estimated aggregate retirement account investment gain/loss for VALLEY PACIFIC PETROLEUM SERVICES INC. 401(K) PLAN is -15.09%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of VALLEY PACIFIC PETROLEUM SERVICES INC. 401(K) PLAN is 0.20%.

Enrollment Features

VALLEY PACIFIC PETROLEUM SERVICES INC. 401(K) PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.