Plan Snapshot
- Plan Sponsor: First Rate Excavate, INC.
- Sponsor EIN: 460366927
- Sponsor Address: 1509 EAST 39TH STREET NORTH, SIOUX FALLS, SD, 57104
- Plan Type: DC
- Total Participants: 92
- Total Assets: $6.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 92 | $6.9M | $491,534 | $0 |
| 2023 | 89 | $7.0M | $0 | $0 |
| 2022 | 86 | $6.8M | $0 | $0 |
| 2020 | 88 | $6.9M | $31,224 | $0 |
| 2019 | 82 | $5.7M | $13,725 | $0 |
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 | $27,878 | — | $27,878 |
| TRANSITION FINANCIAL STRATEGIES LLC | Other Service Provider | $18,088 | — | $18,088 |
| FIRST PREMIER BANK | Other Service Provider | $13,164 | — | $13,164 |
| ACCLARO VALUATION ADVISORS | Other Service Provider | $13,000 | — | $13,000 |
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: $72,130
- Estimated Expense Ratio: 1.052% 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 | $70,297 | — | — | — | — |
| 2023 | $68,980 | — | $16,700 | $3,186 | — |
| 2022 | $53,726 | — | — | — | — |
| 2020 | $137,196 | — | $40,550 | — | — |
| 2019 | $154,133 | — | $39,965 | — | — |