Plan Snapshot
- Plan Sponsor: Spirit Lake Tribe
- Sponsor EIN: 450314494
- Sponsor Address: PO BOX 359, FORT TOTTEN, ND, 58335
- Plan Type: 401(k)
- Total Participants: 455
- Total Assets: $16.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 455 | $16.9M | $1.5M | $1.3M |
| 2023 | 428 | $15.1M | $1.4M | $1.2M |
| 2022 | 445 | $12.7M | $1.3M | $1.1M |
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 |
|---|---|---|---|---|
| FUTUREPLAN BY ASCENSUS - GLDLF | Recordkeeper | $77,584 | — | $77,584 |
| WEALTH PLUS OF THE DAKOTAS,INC | Other Service Provider | $48,795 | — | $48,795 |
| JOHN HANCOCK LIFE INSURANCE COMPANY | Recordkeeper | $34,901 | — | $34,901 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE COMPANY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $161,280
- Estimated Expense Ratio: 0.956% 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 | $292,182 | $51,584 | $162,255 | — | — |
| 2023 | $250,675 | $44,880 | $148,770 | — | — |
| 2022 | $249,767 | — | $249,767 | — | — |