Plan Snapshot
- Plan Sponsor: First Fidelity Bank
- Sponsor EIN: 460115545
- Sponsor Address: PO BOX 376, BURKE, SD, 575230376
- Plan Type: 401(k)
- Total Participants: 111
- Total Assets: $22.7M
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 | 111 | $22.7M | $275,362 | $642,731 |
| 2023 | 134 | $20.7M | $222,474 | $517,370 |
| 2022 | 112 | $17.9M | $194,681 | $451,304 |
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 |
|---|---|---|---|---|
| SECURITY NATIONAL BANK | TRUSTEE | $20,066 | — | $20,066 |
| HENJES, CONNOR & WILLIAMS PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HENJES, CONNOR & WILLIAMS PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,066
- Estimated Expense Ratio: 0.089% 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 | $21,497 | $20,066 | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |