# The Trustees Of The South Dakota Bankers Benefit Plan Health & Welfare Plan
Source: https://planprovider.pro/companies/the-trustees-of-the-south-dakota-bankers-benefit-plan-464332220-501

> The Trustees Of The South Dakota Bankers Benefit Plan's Health & Welfare plan: 3,000 participants, plan year 2024 financials, providers, and benchmarks from…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/deloitte-and-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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/the-trustees-of-the-south-dakota-bankers-benefit-plan-464332220-501)

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