Employer · plans filed under one EIN
Golden Valley Electric Association, Inc.
Fairbanks, AK · Utilities
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
Golden Valley Electric Association, Inc., based in Fairbanks, Alaska, sponsors 2 retirement plans with 100 or more participants: 1 defined contribution and 1 defined benefit. Together they reported 648 participant records and $151M in net assets.
The largest is Golden Valley Electric Association Retirement Plan, a cash balance pension plan with 395 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $1.9M and participant contributions $1.7M in the latest plan years; benefits paid were $11.1M. Schedule C compensation reported to service provider organisations totalled $35K.
Combined net assets moved from $62.7M in 2009 to $151M in 2024 (up 141%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Golden Valley Electric Association Retirement Plan | cash balance pension plan | 2024 | 395 | $99.4M | $251,611 | $8,102 | $33K |
| Golden Valley Electric Association 401(k) Plan | 401(k) plan | 2024 | 253 | $51.4M | $203,195 | $5,905 | $1,650 |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 2 | 648 | $151M | $1.9M | $1.7M |
| 2023 | 2 | 730 | $144M | $4.6M | $1.6M |
| 2022 | 2 | 680 | $129M | $4.6M | $1.5M |
| 2021 | 2 | 663 | $155M | $4.5M | $1.5M |
| 2020 | 2 | 676 | $144M | $4.6M | $1.6M |
| 2019 | 2 | 659 | $128M | $4.6M | $1.6M |
| 2018 | 2 | 637 | $108M | $4.4M | $1.6M |
| 2017 | 2 | 608 | $114M | $4.3M | $1.4M |
| 2016 | 2 | 606 | $101M | $4.2M | $1.4M |
| 2015 | 2 | 582 | $92.9M | $4.1M | $1.4M |
| 2014 | 2 | 568 | $91.9M | $4.6M | $1.3M |
| 2013 | 2 | 538 | $85.4M | $3.9M | $1.4M |
| 2012 | 2 | 608 | $80.7M | $4.0M | $1.5M |
| 2011 | 2 | 619 | $72.8M | $3.7M | $1.3M |
| 2010 | 2 | 602 | $69.1M | $3.6M | $1.3M |
| 2009 | 2 | 609 | $62.7M | $3.6M | $1.2M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Keybank National Association | Contract Administrator; Trustee (bank, trust company, or similar financial institution) | 1 | $33,076 |
| Fidelity Investments Institutional | Participant loan processing | 1 | $1,650 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Golden Valley Electric Association, Inc. have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Golden Valley Electric Association Retirement Plan and Golden Valley Electric Association 401(k) Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Golden Valley Electric Association, Inc. contribute to its plans?
$1,920,112 in employer contributions across these plans in their latest plan years, about $6,737 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Keybank National Association and Fidelity Investments Institutional. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.