La Amundson Investments401(k)
FIRST SECURITY BANK & RELATED EMPLOYERS 401(K) PLAN · SIOUX FALLS, SD · plan year 2022
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
La Amundson Investments reported $59,379 in plan administrative expenses for 2022: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,972 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.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in South Dakota (135th of 233), and the 1,017th of 2,534 in administrative & support services. In 2022, employees put in $2.62 for every $1.00 the employer contributed.
La Amundson Investments's 2022 employer contribution ran below the $2,266 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 460408507 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.