# Nd Banks Benefit Trust 401(k) Plan
Source: https://planprovider.pro/companies/nd-banks-benefit-trust-467521485-501

> Nd Banks Benefit Trust's 401(k) plan: 1,677 participants, plan year 2025 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2025.

## 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|

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