San Joaquin Valley College, Inc. 401(k) Review & Grade
San Joaquin Valley College, Inc. 401(k) Profit Sharing Plan
Visalia, CAEducational Services2,220 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$701Employer $ per active participant
$3,835Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$60.2MNet plan assets, end of year
$22,804Average balance per account
Score breakdown
- Employer generosity12.6 / 5025th percentile for employer $ per participant
- Low cost14.8 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving10.3 / 1569th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 59th |
| Employee saving | 69th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $248 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- San Joaquin Valley College put in about $701 per active participant, below the typical peer ($1,225). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,555,119 |
| Participant (employee) contributions | $8,510,829 |
| Other contributions (incl. rollovers in) | $2,610,103 |
| Administrative expenses paid from the plan | $91,901 |
| Contract administrator fees | $91,901 |
| Benefits paid out | $5,367,071 |
| Net assets, start / end of year | $46.7M / $60.2M |
| Active participants, start / end of year | 2,160 / 2,279 |
| Participants with account balances | 2,641 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Aldrich Cpas and Advisors LLP |
Largest service providers (Schedule C)
| Stancorp Financial Group | $269,330 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015162855NAL0002632627001, received 2025-10-15, EIN 94-2589126, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.