Plan Snapshot
- Plan Sponsor: Nd Banks Benefit Trust
- Sponsor EIN: 467521485
- Sponsor Address: 122 EAST MAIN AVENUE, BISMARCK, ND, 58501
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,677
- Total Assets: $9.5M
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. |
|---|---|---|---|---|
| 2025 | 1,677 | $9.5M | $0 | $0 |
| 2024 | 1,403 | $11.7M | $0 | $21.1M |
| 2023 | 1,355 | $12.0M | $0 | $19.3M |
| 2022 | 1,387 | $11.1M | $0 | $20.2M |
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 |
|---|---|---|---|---|
| NORIDIAN MUTUAL INSURANCE COMPANY | Other Service Provider | $1,351,438 | — | $1,351,438 |
| PRIME THERAPEUTICS | Other Service Provider | — | $159,030 | $159,030 |
| BROWN & BROWN | Other Service Provider | $132,916 | — | $132,916 |
| NORTH DAKOTA BANKERS ASSOCIATION | Other Service Provider | $90,169 | — | $90,169 |
| EIDE BAILLY LLP | Other Service Provider | $23,441 | — | $23,441 |
| STINSON LLP | Other Service Provider | $14,098 | — | $14,098 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,771,092
- Estimated Expense Ratio: 18.619% 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 |
|---|---|---|---|---|---|
| 2025 | $30,826,048 | $132,916 | $1,445,883 | — | — |
| 2024 | $1,622,093 | $145,000 | $1,147,234 | — | — |
| 2023 | $1,395,614 | $145,000 | $1,119,457 | — | — |
| 2022 | $1,528,818 | $149,000 | $1,223,339 | — | $154,565 |