Plan Ledger DOL Form 5500 · updated monthly

Basin Electric Power Cooperative401(k)

BASIN ELECTRIC POWER COOPERATIVE 401(K) PLAN · BISMARCK, ND · plan year 2025

Reported admin expense ratio · 2025
0.05%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Basin Electric Power Cooperative reported $226,287 in plan administrative expenses for 2025: 0.05% of average plan assets, below the peer median. Employer contributions averaged $10,243 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 4 years on file its reported administrative ratio has held roughly steady near 0.054%. The plan sits in the $250M–$1B size bracket, benchmarked here against 230 comparable plans and shown alongside other utilities employers. By assets it is the 12th-largest of 279 plans among North Dakota employers on file, and the 70th of 412 in utilities. In 2025, employees put in $1.09 for every $1.00 the employer contributed; active participation has grown from 767 to 918 since 2022.

Plan summary
Net assets, end of year$445,627,340
Participants with balances1,148
Active participants918
Employer contributions$9,402,678
Employee contributions$10,243,451
Employer contribution per active participant$10,243
Average account balance$388,177
Benefits paid to participants$40,906,338
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$445.6M · 1,148 accts · $9.4M emplr
2024$395.6M · 1,101 accts · $7.7M emplr
2023$355.4M · 1,050 accts · $6.7M emplr
2022$329.1M · 1,041 accts · $6.1M emplr
The Basin Electric Power Cooperative 401(k) match · 2025
Employer contribution per active participant$10,243
Median for plans this size$4,295
2025$10,243 per active participant
2024$8,987 per active participant
2023$8,580 per active participant
2022$8,017 per active participant

Basin Electric Power Cooperative's 2025 employer contribution ran above the $4,295 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
THE VANGUARD GROUP, INC. · Recordkeeping · Trustee (directed)$85,881
VANGUARD ADVISORS, INC. · Investment advisory (participants)$144,847

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year3
2025Vanguard
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2025$226,287 · 0.05%
2024$194,668 · 0.05%
2023$183,648 · 0.05%
2022$191,810 · 0.05%
All plans at this employer3
BASIN ELECTRIC POWER COOPERATIVE 401(K) PLAN401(k)
BASIN ELECTRIC POWER COOPERATIVE ND/SD UNION 401(K) PLAN401(k)
BASIN ELECTRIC POWER COOPERATIVE WY/NE UNION 401(K) PLAN401(k)
Same employer
Similar plansUtilities · North Dakota
Mdu Resources Group, Inc. ND$1.3B · 0.03%
Cleco Power LLC LA$476.1M · 0.09%
Ercot TX$464.9M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450277395 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.