Plan Snapshot
- Plan Sponsor: Basin Electric Power Cooperative
- Sponsor EIN: 450277395
- Sponsor Address: 1717 EAST INTERSTATE AVENUE, BISMARCK, ND, 58503
- Plan Type: 401(k)
- Plan Number: 401
- Total Participants: 1,163
- Total Assets: $445.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 1,163 | $445.6M | $0 | $0 |
| 2024 | 861 | $395.6M | $7.7M | $9.2M |
| 2023 | 782 | $355.4M | $6.7M | $8.4M |
| 2022 | 767 | $329.1M | $6.1M | $8.4M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| VANGUARD ADVISORS, INC. | Other Service Provider | $144,847 | — | $144,847 |
| THE VANGUARD GROUP, INC. | Other Service Provider | $85,881 | — | $85,881 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $230,728
- Estimated Expense Ratio: 0.052% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $41,132,625 | — | — | — | — |
| 2024 | $194,668 | — | — | — | — |
| 2023 | $183,648 | — | — | — | — |
| 2022 | $191,810 | — | — | — | — |