Plan Snapshot
- Plan Sponsor: Dakotaland Federal Credit Union
- Sponsor EIN: 460224867
- Sponsor Address: 2297 KANSAS AVE SE STE 1, HURON, SD, 57350
- Plan Type: 401(k)
- Total Participants: 173
- Total Assets: $19.2M
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 | 173 | $19.2M | $549,667 | $905,565 |
| 2023 | 177 | $16.1M | $513,838 | $850,660 |
| 2022 | 171 | $13.2M | $383,197 | $778,092 |
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 |
|---|---|---|---|---|
| RSM US LLP | Auditor | $30,433 | — | $30,433 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RSM US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,433
- Estimated Expense Ratio: 0.159% 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 | $53,729 | — | $6,988 | $30,433 | — |
| 2023 | $27,366 | $5,990 | $6,404 | — | — |
| 2022 | $6,912 | $5,400 | $1,512 | — | — |