Plan Ledger DOL Form 5500 · updated monthly

Fishback Financial CorporationESOP

FISHBACK FINANCIAL CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN · BROOKINGS, SD · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Fishback Financial Corporation reported $33,826 in plan administrative expenses for 2024: 0.06% of average plan assets, below the peer median. Employer contributions averaged $4,318 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 0.057% to 0.063%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 38th-largest of 233 plans among South Dakota employers on file, and the 1,539th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$56,010,399
Participants with balances843
Active participants710
Employer contributions$3,065,808
Employee contributions—
Employer contribution per active participant$4,318
Average account balance$66,442
Benefits paid to participants$3,468,701
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$56.0M · 843 accts · $3.1M emplr
2023$51.7M · 794 accts · $3.6M emplr
2022$54.9M · 774 accts · $3.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,826
Total administrative$33,826
Employer contributions to the Fishback Financial Corporation plan · 2024
Employer contribution per active participant$4,318
Median for plans this size$3,635
2024$4,318 per active participant
2023$5,248 per active participant
2022$4,693 per active participant

Fishback Financial Corporation's 2024 employer contribution ran above the $3,635 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 · 20242
FORVIS, LLP · Accounting / audit$18,554
HOPKINS & HOWARD, P.C. · Valuation$13,600

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$33,826 · 0.06%
2023$36,164 · 0.07%
2022$30,437 · 0.06%
Same employer
Similar plansFinance & Insurance · South Dakota
1ST Financial Bank USA SD$65.7M · 0.02%
Bankwest, Inc. SD$58.8M · 0.03%
Plains Commerce Bank SD$37.8M · 0.38%
Cortrust Bank NA SD$31.8M · 0.01%
American Bank & Trust SD$31.6M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460306542 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.