Plan Ledger DOL Form 5500 · updated monthly

Dakota Specialty Enterprises401(k)

DAKOTA SPECIALTY ENTERPRISES RETIREMENT PLAN · FARGO, ND · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Dakota Specialty Enterprises reported $36,087 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $3,269 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 0.00% to 0.13%. 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 85th-largest of 279 plans among North Dakota employers on file, and the 4,777th of 13,661 in manufacturing. In 2024, employees put in $1.05 for every $1.00 the employer contributed; active participation has grown from 151 to 187 since 2022.

Plan summary
Net assets, end of year$27,677,687
Participants with balances223
Active participants187
Employer contributions$611,322
Employee contributions$642,091
Employer contribution per active participant$3,269
Average account balance$124,115
Benefits paid to participants$3,646,710
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$27.7M · 223 accts · $611K emplr
2023$27.4M · 245 accts · $575K emplr
2022$25.8M · 236 accts · $578K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,687
Investment management$2,500
Audit (IQPA)$11,900
Total administrative$36,087
The Dakota Specialty Enterprises 401(k) match · 2024
Employer contribution per active participant$3,269
Median for plans this size$2,416
2024$3,269 per active participant
2023$3,405 per active participant
2022$3,830 per active participant

Dakota Specialty Enterprises's 2024 employer contribution ran above 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 · 20243
T ROWE PRICE RPS INC · Recordkeeping · Trustee$16,687
RICHEY, MAY & CO., LLP · Accounting / audit$11,900
BELL BANK WEALTH MANAGEMENT · Consulting · Investment advisory (plan)$7,500

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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Administrative cost history3
2024$36,087 · 0.13%
2023$540 · 0.00%
2022$690 · 0.00%
Similar plansManufacturing · North Dakota
Hebron Companies, Inc. ND$32.6M · 0.00%
Tmi Group Incorporated ND$30.5M · 0.52%
Baker Boy, Inc. ND$23.1M · 0.20%
Newman Signs, Inc. ND$21.6M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810953937 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.