Plan Ledger DOL Form 5500 · updated monthly

Dakota Provisions, LLC401(k)

DAKOTA PROVISIONS, LLC 401(K) PLAN · HURON, SD · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Dakota Provisions, LLC reported $102,768 in plan administrative expenses for 2024: 0.67% of average plan assets, higher than ~90% of peers. Employer contributions averaged $946 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 rose from 0.61% to 0.67%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 103rd-largest of 233 plans among South Dakota employers on file, and the 6,655th of 13,661 in manufacturing. In 2024, employees put in $1.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,614,022
Participants with balances564
Active participants751
Employer contributions$710,171
Employee contributions$1,160,019
Employer contribution per active participant$946
Average account balance$29,457
Benefits paid to participants$1,167,563
Plan auditUnmodified (clean) audit opinion
AuditorABDO, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$16.6M · 564 accts · $710K emplr
2023$14.0M · 490 accts · $673K emplr
2022$11.9M · 422 accts · $608K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$102,768
Total administrative$102,768
The Dakota Provisions, LLC 401(k) match · 2024
Employer contribution per active participant$946
Median for plans this size$2,416
2024$946 per active participant
2023$968 per active participant
2022$854 per active participant

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

Service providers · 20244
CPI QUALIFIED PLAN CONSULTANTS, INC · Recordkeeping · Pension consulting$30,041
WELLS FARGO ADVISORS FINANCIAL$51,786
FUTUREPLAN BY ASCENSUS · Contract administrator$16,900
ENVESTNET RETIREMENT SOLUTIONS, LLC · Contract administrator$3,082

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

Recordkeeper by year2
2024CPI QUALIFIED PLAN CONSULTANTS, INC
2023CPI QUALIFIED PLAN CONSULTANTS, INC

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

Administrative cost history3
2024$102,768 · 0.67%
2023$80,038 · 0.62%
2022$77,042 · 0.61%
Same employer
Similar plansManufacturing · South Dakota
Shur-Co, LLC SD$21.7M · 0.26%
Persona Signs, LLC SD$20.5M · 0.49%
Glacial Lakes SD$20.0M · 0.18%
Fimco, Inc. SD$16.5M · 0.44%
Adams Thermal Systems Inc. SD$16.2M · 0.52%
Falcon Plastics, Inc. SD$15.6M · 0.02%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 200151338 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.