Plan Snapshot
- Plan Sponsor: South Dakota Network, LLC
- Sponsor EIN: 460454662
- Sponsor Address: 2900 WEST 10TH STREET, SIOUX FALLS, SD, 57104
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 169
- Total Assets: $36.2M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2025 | 169 | $36.2M | $0 | $0 |
| 2024 | 114 | $30.1M | $789,197 | $1.1M |
| 2023 | 117 | $26.5M | $766,487 | $986,977 |
| 2022 | 110 | $23.5M | $730,769 | $948,710 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Investment Advisor | $62,072 | — | $62,072 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $37,787 | — | $37,787 |
| EIDE BAILLY LLP | Auditor | $17,117 | — | $17,117 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $13,493 | — | $13,493 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $130,469
- Estimated Expense Ratio: 0.360% 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 | $578,276 | $75,565 | — | $17,117 | — |
| 2024 | $114,369 | $64,982 | — | — | — |
| 2023 | $99,834 | $55,088 | — | — | — |
| 2022 | $156,252 | — | $156,252 | — | — |