Plan Snapshot
- Plan Sponsor: Sanford Health
- Sponsor EIN: 311527032
- Sponsor Address: PO BOX 5039, SIOUX FALLS, SD, 571175039
- Plan Type: DB
- Plan Number: 001
- Total Participants: 98
- Total Assets: $236.4M
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. |
|---|---|---|---|---|
| 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 | $412,933 | — | $412,933 |
| SEI | Other Service Provider | $258,243 | — | $258,243 |
| FIRST NATIONAL BANK IN SIOUX FALLS | Other Service Provider | $235,367 | — | $235,367 |
| RYAN LABS ASSET MANAGEMENT | Other Service Provider | $165,277 | — | $165,277 |
| PRINCIPAL CUSTODY SOLUTIONS | Other Service Provider | $73,321 | — | $73,321 |
| BMO HARRIS BANK, N.A. | Other Service Provider | $60,246 | — | $60,246 |
| MORGAN STANLEY INVESTMENT MGT INC. | Other Service Provider | $44,968 | — | $44,968 |
| AMERICAN PORTFOLIOS | Other Service Provider | $32,995 | — | $32,995 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,283,350
- Estimated Expense Ratio: 0.543% 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 |
|---|---|---|---|---|---|
| 2023 | $3,587,841 | $2,093,869 | — | — | — |
| 2022 | $1,624,929 | $798,108 | — | — | $265,117 |