Plan Snapshot
- Plan Sponsor: Risk Administration Services, INC.
- Sponsor EIN: 460407236
- Sponsor Address: P.O. BOX 89310, SIOUX FALLS, SD, 571099310
- Plan Type: 401(k)
- Total Participants: 211
- Total Assets: $41.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 211 | $41.1M | $1.6M | $1.6M |
| 2023 | 232 | $34.9M | $1.6M | $1.4M |
| 2022 | 170 | $29.3M | $1.4M | $1.3M |
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 L.L.P. | Auditor | $14,385 | — | $14,385 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY L.L.P. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $14,385
- Estimated Expense Ratio: 0.035% 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 | $137,504 | $7,553 | $115,566 | $14,385 | — |
| 2023 | $110,998 | $6,148 | $94,230 | $10,620 | — |
| 2022 | $111,836 | $6,727 | $91,796 | — | $13,313 |