Plan Snapshot
- Plan Sponsor: Sanford Health
- Sponsor EIN: 311527032
- Sponsor Address: PO BOX 5039, SIOUX FALLS, SD, 571175039
- Plan Type: DB
- Total Participants: 0
- Total Assets: $0
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 | 0 | $0 | $2.5M | $0 |
| 2023 | 98 | $236.4M | $0 | $0 |
| 2022 | 376 | $283.2M | $0 | $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 |
|---|---|---|---|---|
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $825,866 | — | $825,866 |
| SEI | Other Service Provider | $516,486 | — | $516,486 |
| FIRST NATIONAL BANK IN SIOUX FALLS | Other Service Provider | $470,734 | — | $470,734 |
| RYAN LABS ASSET MANAGEMENT | Other Service Provider | $330,554 | — | $330,554 |
| PRINCIPAL CUSTODY SOLUTIONS | Other Service Provider | $146,642 | — | $146,642 |
| BMO HARRIS BANK, N.A. | Other Service Provider | $120,492 | — | $120,492 |
| MORGAN STANLEY INVESTMENT MGT INC. | Recordkeeper | $89,936 | — | $89,936 |
| AMERICAN PORTFOLIOS | Other Service Provider | $65,990 | — | $65,990 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — Recordkeeper
- MORGAN STANLEY INVESTMENT MGT INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,566,700
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 | $1,203,225 | $984,381 | — | — | — |
| 2023 | $3,587,841 | $2,093,869 | — | — | — |
| 2022 | $1,624,929 | $798,108 | — | — | $265,117 |