Plan Snapshot
- Plan Sponsor: State Bankshares, INC.
- Sponsor EIN: 450412162
- Sponsor Address: 520 MAIN AVENUE, FARGO, ND, 58103
- Plan Type: DC
- Total Participants: 1,878
- Total Assets: $319.4M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 1,878 | $319.4M | $5.0M | $14.0M |
| 2023 | 1,890 | $275.4M | $5.0M | $14.2M |
| 2022 | 1,920 | $224.2M | $3.4M | $14.5M |
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 |
|---|---|---|---|---|
| BELL BANK | NONE | $32,944 | — | $32,944 |
| WIDMER ROEL PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WIDMER ROEL PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,944
- Estimated Expense Ratio: 0.010% 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 | $32,944 | — | $1,950 | — | — |
| 2023 | $29,095 | — | $1,550 | — | — |
| 2022 | $21,684 | — | $21,684 | — | — |