Plan Snapshot
- Plan Sponsor: University Of Sioux Falls
- Sponsor EIN: 460224600
- Sponsor Address: 1101 W 22ND STREET, SIOUX FALLS, SD, 571051600
- Plan Type: 403(b)
- Plan Number: 001
- Total Participants: 367
- Total Assets: $21.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 367 | $21.6M | $347,455 | $800,830 |
| 2023 | 362 | $20.9M | $340,751 | $765,916 |
| 2022 | 181 | $18.0M | $333,201 | $682,319 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $53,219 | — | $53,219 |
| HUB INVESTMENT ADVISORS INC | Investment Advisor | $38,400 | — | $38,400 |
| ASCENSUS HOLDINGS INC DBA FUTUREPLA | Other Service Provider | $12,692 | — | $12,692 |
| ASCENSUS INC | Recordkeeper | — | $7,887 | $7,887 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ASCENSUS INC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $112,198
- Estimated Expense Ratio: 0.520% 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 | $78,656 | — | $78,656 | — | — |
| 2023 | $64,721 | — | $64,721 | — | — |
| 2022 | $70,283 | — | $70,283 | — | — |