Plan Snapshot
- Plan Sponsor: Dakota Provisions, LLC
- Sponsor EIN: 200151338
- Sponsor Address: 40253 US HIGHWAY 14, HURON, SD, 57350
- Plan Type: 401(k)
- Total Participants: 751
- Total Assets: $16.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 751 | $16.6M | $710,171 | $1.2M |
| 2023 | 696 | $14.0M | $673,417 | $1.1M |
| 2022 | 712 | $11.9M | $607,765 | $1.0M |
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 |
|---|---|---|---|---|
| WELLS FARGO ADVISORS FINANCIAL | Other Service Provider | $51,786 | — | $51,786 |
| CPI QUALIFIED PLAN CONSULTANTS, INC | Recordkeeper | $30,041 | — | $30,041 |
| FUTUREPLAN BY ASCENSUS | Recordkeeper | $16,900 | — | $16,900 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CPI QUALIFIED PLAN CONSULTANTS, INC — Recordkeeper
- FUTUREPLAN BY ASCENSUS — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $98,727
- Estimated Expense Ratio: 0.594% 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 | $102,768 | — | $102,768 | — | — |
| 2023 | $80,038 | — | $80,038 | — | — |
| 2022 | $77,042 | — | $77,042 | — | — |