Plan Snapshot
- Plan Sponsor: The Evangelical Lutheran Good Samaritan Society
- Sponsor EIN: 450228055
- Sponsor Address: 4800 W 57TH STREET, SIOUX FALLS, SD, 571172239
- Plan Type: 401(k)
- Total Participants: 10,778
- Total Assets: $278.3M
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 | 10,778 | $278.3M | $15.9M | $28.5M |
| 2023 | 12,423 | $254.2M | $17.5M | $27.0M |
| 2022 | 13,071 | $212.3M | $16.2M | $25.9M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $1,037,386 | — | $1,037,386 |
| EIDE BAILLY, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,037,386
- Estimated Expense Ratio: 0.373% 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 | $1,037,386 | — | $1,037,386 | — | — |
| 2023 | $998,037 | — | $998,037 | — | — |
| 2022 | $1,048,142 | — | $1,048,142 | — | — |