# Cortrust Bank NA 401(k) Plan
Source: https://planprovider.pro/companies/cortrust-bank-na-460159100-002

> Cortrust Bank NA&#39;s 401(k) plan: 276 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Cortrust Bank NA

- **Sponsor EIN:** 460159100

- **Sponsor Address:** 100 E HAVENS AVE, MITCHELL, SD, 57301

- **Plan Type:** 401(k)

- **Plan Number:** 002

- **Total Participants:** 276

- **Total Assets:** $22.9M

## 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|276|$22.9M|$1.0M|$0|

| 2023|289|$22.2M|$1.0M|$0|

| 2022|281|$23.6M|$883,000|$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|

| FIRST NATIONAL BANK IN SIOUX FALLS|Other Service Provider|$15,238|—|$15,238|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $15,238

- **Estimated Expense Ratio:** 0.066% 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|$15,238|—|—|—|—|

| 2023|$11,133|—|—|—|—|

| 2022|$6,620|—|—|—|$6,620|

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