Plan Ledger DOL Form 5500 · updated monthly

Dakota Fence Company401(k)

DAKOTA FENCE COMPANY 401(K) PLAN · FARGO, ND · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Dakota Fence Company reported $73,854 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $1,473 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 2 years on file its reported administrative ratio fell from 0.30% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 75th-largest of 279 plans among North Dakota employers on file, and the 1,400th of 5,337 in construction. In 2024, employees put in $2.77 for every $1.00 the employer contributed; active participation has grown from 354 to 423 since 2022.

Plan summary
Net assets, end of year$34,204,210
Participants with balances429
Active participants423
Employer contributions$622,908
Employee contributions$1,725,187
Employer contribution per active participant$1,473
Average account balance$79,730
Benefits paid to participants$1,235,899
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$34.2M · 429 accts · $623K emplr
2023$28.1M · 416 accts · $598K emplr
2022$23.4M · 384 accts · $325K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$73,854
Total administrative$73,854
The Dakota Fence Company 401(k) match · 2024
Employer contribution per active participant$1,473
Median for plans this size$2,416
2024$1,473 per active participant
2023$1,509 per active participant
2022$917 per active participant

Dakota Fence Company's 2024 employer contribution ran below the $2,416 median for plans its size. 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
BELL BANK · Recordkeeping · Trustee$73,854

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

Recordkeeper by year2
2024BELL BANK
2023BELL BANK

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

Administrative cost history3
2024$73,854 · 0.24%
2023$76,640 · 0.30%
2022$84,277 · 0.30%
Same employer
Similar plansConstruction · North Dakota
Miller Enterprises, Inc. ND$46.2M · 0.00%
Industrial Builders, Inc. ND$30.4M · 0.32%
Miller Insulation Co., Inc. ND$24.0M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450338622 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.