Plan Ledger DOL Form 5500 · updated monthly

Golden West Technologies, Inc.401(k)

GOLDEN WEST TECHNOLOGIES RETIREMENT SECURITY PARTNERSHIP PLAN · RAPID CITY, SD · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Golden West Technologies, Inc. reported $22,422 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $3,127 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 fell from 0.31% to 0.26%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in South Dakota (138th of 233), and 1,550th of 2,199 in information & media. In 2024, employees put in $1.74 for every $1.00 the employer contributed; active participation has shrunk from 78 to 55 since 2022.

Plan summary
Net assets, end of year$9,357,496
Participants with balances98
Active participants55
Employer contributions$172,002
Employee contributions$299,833
Employer contribution per active participant$3,127
Average account balance$95,485
Benefits paid to participants$590,579
Plan auditUnmodified (clean) audit opinion
AuditorKETEL THORSTENSON, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.4M · 98 accts · $172K emplr
2023$8.2M · 103 accts · $188K emplr
2022$7.7M · 108 accts · $190K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,422
Total administrative$22,422
The Golden West Technologies, Inc. 401(k) match · 2024
Employer contribution per active participant$3,127
Median for plans this size$1,313
2024$3,127 per active participant
2023$2,064 per active participant
2022$2,437 per active participant

Golden West Technologies, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
BENEFIT PLANS ADMIN SERVICES, INC. · Recordkeeping · Consulting$22,422

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

Recordkeeper by year2
2024BENEFIT PLANS ADMIN SERVICES, INC.
2023BENEFIT PLANS ADMIN SERVICES, INC.

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

Administrative cost history3
2024$22,422 · 0.26%
2023$24,367 · 0.31%
2022$26,306 · 0.31%
Similar plansInformation & Media · South Dakota
South Dakota Network, LLC SD$36.2M · 0.39%
Protenus, Inc. MD$9.4M · 0.26%
Qsr Automations, Inc. KY$9.4M · 0.56%
Ocean Communications, LLC FL$9.4M · 0.06%
The Freedonia Group, Inc. MD$9.3M · 0.45%
Caring LLC NC$9.3M · 0.61%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 460386025 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.