# Dakota Electric Association 401(k) Plan
Source: https://planprovider.pro/companies/dakota-electric-association-401k-plan

> Dakota Electric Association's 401(k) plan: 196 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Dakota Electric Association

- **Sponsor EIN:** 410212180

- **Sponsor Address:** 4300 220TH STREET WEST, FARMINGTON, MN, 550249003

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

- **Total Participants:** 196

- **Total Assets:** $75.4M

## 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.|

| 2024|196|$75.4M|$1.7M|$2.5M|

| 2023|188|$66.3M|$1.5M|$2.2M|

| 2022|179|$62.8M|$1.4M|$2.1M|

## 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|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [EIDE BAILLY](https://planprovider.pro/provider/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|$55,042|$38,930|$16,112|—|—|

| 2023|$52,637|$48,378|$4,259|—|—|

| 2022|$55,141|$51,942|$3,199|—|—|

## Similar Plans

- [All Energy Solar, INC.](https://planprovider.pro/companies/all-energy-solar-inc-401k-plan) — 211 participants

- [Connexus Energy](https://planprovider.pro/companies/connexus-energy-401k-plan) — 229 participants

- [Allete, INC. & Affiliated Companies](https://planprovider.pro/companies/allete-affiliated-companies-plan) — 143 participants

- [Crow Wing Cooperative Power & Light Company](https://planprovider.pro/companies/crow-wing-cooperative-power-light-company-plan) — 122 participants

- [Allete, INC. & Affiliated Companies](https://planprovider.pro/companies/allete-and-affiliated-companies-plan-003) — 276 participants

- [Otter Tail Corporation](https://planprovider.pro/companies/otter-tail-corporation-plan) — 280 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/dakota-electric-association-401k-plan)

© 2026 PlanProvider.Pro