Plan Ledger DOL Form 5500 · updated monthly

First Dakota Title Limited Partnership401(k)

FIRST DAKOTA TITLE 401(K) PLAN · SIOUX FALLS, SD · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

First Dakota Title Limited Partnership reported $22,137 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. Employer contributions averaged $586 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 0.36% to 0.65%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in South Dakota (206th of 233), and 10,362nd of 11,654 in professional & technical services. In 2024, employees put in $6.65 for every $1.00 the employer contributed; active participation has shrunk from 105 to 88 since 2022.

Plan summary
Net assets, end of year$3,478,333
Participants with balances153
Active participants88
Employer contributions$51,550
Employee contributions$342,689
Employer contribution per active participant$586
Average account balance$22,734
Benefits paid to participants$822,423
Plan auditUnmodified (clean) audit opinion
AuditorELO PROF. L.L.C.
Plan history3
Yearassets · accounts · employer contribution
2024$3.5M · 153 accts · $52K emplr
2023$3.3M · 151 accts · $56K emplr
2022$3.1M · 213 accts · $60K emplr
Administrative expenses, itemized · 2024
Investment management$22,137
Total administrative$22,137
The First Dakota Title Limited Partnership 401(k) match · 2024
Employer contribution per active participant$586
Median for plans this size$1,313
2024$586 per active participant
2023$648 per active participant
2022$570 per active participant

First Dakota Title Limited Partnership's 2024 employer contribution ran below the $1,313 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 · 20241
FIRST INTERSTATE WEALTH MANAGEMENT · Investment advisory (plan)$22,137

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$22,137 · 0.65%
2023$13,397 · 0.42%
2022$14,574 · 0.36%
Same employer
Similar plansProfessional & Technical Services · South Dakota
Global Wireless, Inc. SD$11.3M · 0.96%
Carsforsale.com SD$7.3M · 0.85%
Tak Communications, Inc. SD$6.8M · 0.75%
Issues Management, Inc SD$5.9M · 1.24%
Dt-Trak Consulting, Inc. SD$611K · 2.49%
Priority, Inc. SD$205K · 1.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460404904 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.