South Dakota Retirement Plan Benchmarks

Statewide benchmarks across every Form 5500 filer headquartered in the state. Sourced from 1,935 Form 5500 filings for plan year 2024.

Headline numbers (2024)

Plans: 1,935
Total assets: $11.1B
Total participants: 36,834
Median expense ratio: 0.38%
Median employer contribution per active participant: $2,321
Median account balance: $62,177
3-year asset growth (2022–2024): +31.4%

Expense ratio distribution

25th percentile: 0.17%
Median: 0.38%
75th percentile: 0.88%

Where the fees go (average mix)

Admin / Recordkeeping: 37.5%
Investment Management: 19.2%
Audit: 1.3%
Legal: 0.1%

Employer contribution generosity

Median per active participant: $2,321
Plans with $0 employer match: 238 (12.3%)

3-year trend

Year	Plans	Assets	Participants	Median fee	Median employer $
2022	1,700	$8.4B	29,196	0.44%	$2,099
2023	1,894	$10.4B	34,668	0.38%	$2,262
2024	1,935	$11.1B	36,834	0.38%	$2,321

Methodology

All metrics are calculated from U.S. Department of Labor Form 5500 annual filings. The slice "South Dakota" includes 1,935 plans for plan year 2024. Medians use percentile_cont over reported values; zero/null values are excluded from rate-style metrics.

Citation: PlanProvider.Pro, Form 5500 Benchmarks 2024. Free for editorial use with attribution + link to https://planprovider.pro/benchmarks/state/south-dakota.