Plan Snapshot
- Plan Sponsor: The Trustees Of The South Dakota Bankers Benefit Plan
- Sponsor EIN: 464332220
- Sponsor Address: 109 WEST MISSOURI AVE, PIERRE, SD, 57501
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 3,000
- Total Assets: $15.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,000 | $15.7M | $19.5M | $0 |
| 2023 | 3,562 | $13.1M | $20.6M | $0 |
| 2022 | 3,748 | $9.8M | $19.8M | $0 |
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 |
|---|---|---|---|---|
| WELLMARK BCBS OF SOUTH DAKOTA | Other Service Provider | $864,171 | — | $864,171 |
| DELOITTE & TOUCHE LLP | Auditor | $101,917 | — | $101,917 |
| BRAL NIEDERT PRIVATE WEALTH ADVISOR | Other Service Provider | $27,263 | — | $27,263 |
| CONNER & WINTERS, LLP | Other Service Provider | $20,000 | — | $20,000 |
| NYEMASTER GOODE, P.C. | Other Service Provider | $19,359 | — | $19,359 |
| TAKE CHARGE BOOKKEEPING | Other Service Provider | $13,672 | — | $13,672 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DELOITTE & TOUCHE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,046,382
- Estimated Expense Ratio: 6.662% 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 | $1,483,135 | $27,263 | $864,171 | $101,917 | — |
| 2023 | $1,464,007 | $18,541 | $835,629 | $73,653 | — |
| 2022 | $1,452,888 | — | $838,556 | — | $111,930 |