Plan Snapshot
- Plan Sponsor: Dacotah Banks, INC.
- Sponsor EIN: 460279766
- Sponsor Address: 401 SOUTH MAIN STREET, SUITE 212, ABERDEEN, SD, 57402
- Plan Type: 401(k)
- Total Participants: 598
- Total Assets: $107.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 598 | $107.0M | $3.9M | $3.3M |
| 2023 | 619 | $90.4M | $3.6M | $3.0M |
| 2022 | 607 | $74.6M | $3.2M | $2.6M |
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 |
|---|---|---|---|---|
| EIDE BAILLY, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $110,231 | $37,239 | $72,986 | — | — |
| 2023 | $204,516 | $138,441 | $66,068 | — | — |
| 2022 | $220,113 | $220,113 | — | — | — |