# Border States Industries, INC. DC Plan
Source: https://planprovider.pro/companies/border-states-industries-inc-450275004-002

> Border States Industries, INC.'s DC plan: 3,196 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Border States Industries, INC.

- **Sponsor EIN:** 450275004

- **Sponsor Address:** 2400 38TH ST S, FARGO, ND, 58104

- **Plan Type:** DC

- **Plan Number:** 002

- **Total Participants:** 3,196

- **Total Assets:** $1.3B

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|3,196|$1.3B|$43.0M|$0|

| 2023|2,877|$1.2B|$42.3M|$0|

| 2022|2,455|$1.1B|$51.0M|$0|

## 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|

| PRINCIPAL FINANCIAL GROUP|Recordkeeper|$141,526|—|$141,526|

| SUMMIT FIDUCIARY GROUP|Custodian / Trustee|$120,000|—|$120,000|

| GRANT THORNTON LLP- AUDIT FEE|Other Service Provider|$21,500|—|$21,500|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $283,026

- **Estimated Expense Ratio:** 0.021% 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|

| 2024|$283,026|—|—|$21,500|—|

| 2023|$268,097|—|—|$20,000|—|

| 2022|$256,957|—|$121,957|—|—|

## Similar Plans

- [Border States Industries, INC.](https://planprovider.pro/companies/border-states-industries-inc-450275004-003) — 3,385 participants

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