Plan Snapshot
- Plan Sponsor: South Dakota Council Of Community Behavioral Hea
- Sponsor EIN: 460442372
- Sponsor Address: P.O. BOX 532, PIERRE, SD, 575010532
- Plan Type: 401(k)
- Total Participants: 1,810
- Total Assets: $52.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- 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 | 1,810 | $52.6M | $1.8M | $2.9M |
| 2023 | 1,791 | $49.8M | $1.8M | $2.8M |
| 2022 | 1,941 | $43.2M | $1.7M | $2.6M |
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 |
|---|---|---|---|---|
| BENEFIT PLANS ADMIN SERVICES, INC. | NONE | $272,047 | — | $272,047 |
| BMS FINANCIAL ADVISORS | NONE | $12,576 | — | $12,576 |
| REDHAWK WEALTH ADVISORS | NONE | $10,227 | — | $10,227 |
| KETEL THORESTENSON | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BENEFIT PLANS ADMIN SERVICES, INC. — NONE
- KETEL THORESTENSON — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $294,850
- Estimated Expense Ratio: 0.561% 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 | $294,849 | $294,849 | — | — | — |
| 2023 | $270,696 | $270,696 | — | — | — |
| 2022 | $257,089 | — | — | — | — |