Plan Ledger DOL Form 5500 · updated monthly

Dakotabilities, Inc.401(k)

DAKOTABILITIES 401(K) RETIREMENT PLAN · SIOUX FALLLS, SD · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Dakotabilities, Inc. reported $26,252 in plan administrative expenses for 2024: 0.40% of average plan assets, below the peer median. Employer contributions averaged $1,764 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 0.27% to 0.40%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in South Dakota (169th of 233), and 6,901st of 11,911 in health care & social assistance. In 2024, employees put in $1.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,935,956
Participants with balances166
Active participants177
Employer contributions$312,284
Employee contributions$472,769
Employer contribution per active participant$1,764
Average account balance$41,783
Benefits paid to participants$998,506
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.9M · 166 accts · $312K emplr
2023$6.2M · 143 accts · $227K emplr
2022$5.7M · 139 accts · $221K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,721
Investment management$16,095
Total administrative$26,252
The Dakotabilities, Inc. 401(k) match · 2024
Employer contribution per active participant$1,764
Median for plans this size$1,313
2024$1,764 per active participant
2023$1,365 per active participant
2022$1,337 per active participant

Dakotabilities, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20244
RAYMOND JAMES & ASSOCIATES INC · Investment advisory (plan)$14,067
EMPOWER ADVISORY GROUP, LLC · Investment management$2,028
ENVESTNET RETIREMENT SOLUTIONS, LLCindirect comp

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

Administrative cost history3
2024$26,252 · 0.40%
2023$22,628 · 0.38%
2022$16,238 · 0.27%
Same employer
Similar plansHealth Care & Social Assistance · South Dakota
Lifequest SD$8.0M · 0.03%
Profile Plan LLC SD$6.2M · 0.57%
Our Home, Inc. SD$5.5M · 0.50%
Lantis Enterprises, Inc. SD$5.3M · 0.99%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 460306216 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.