Plan Ledger DOL Form 5500 · updated monthly

Lower Sioux Indian Community in the State of Minnesota401(k)

LOWER SIOUX INDIAN COMMUNITY 401(K) RETIREMENT PLAN & TRUST · MORTON, MN · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Lower Sioux Indian Community in the State of Minnesota reported $57,389 in plan administrative expenses for 2024: 0.69% of average plan assets, above the peer median. Employer contributions averaged $358 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 0.99% to 0.69%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Minnesota (1,374th of 1,918), and the 639th of 2,240 in accommodation & food services. In 2024, employees put in $3.10 for every $1.00 the employer contributed; active participation has grown from 528 to 676 since 2022.

Plan summary
Net assets, end of year$8,655,863
Participants with balances276
Active participants676
Employer contributions$241,925
Employee contributions$749,840
Employer contribution per active participant$358
Average account balance$31,362
Benefits paid to participants$1,151,964
Plan auditUnmodified (clean) audit opinion
AuditorSCHECHTER DOKKEN KANTER
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 276 accts · $242K emplr
2023$7.9M · 270 accts · $212K emplr
2022$7.2M · 277 accts · $174K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,389
Total administrative$57,389
The Lower Sioux Indian Community in the State of Minnesota 401(k) match · 2024
Employer contribution per active participant$358
Median for plans this size$1,313
2024$358 per active participant
2023$361 per active participant
2022$329 per active participant

Lower Sioux Indian Community in the State of Minnesota'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 · 20243
NATIONWIDE · Recordkeeping · Custodial$36,628
DEFINITI · Contract administrator · Recordkeeping$20,761
AMERIPRISE FINANCIAL SERVICES · Investment advisory (participants) · Investment advisory (plan)indirect comp

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

Recordkeeper by year2
2024Definiti, Nationwide
2023Definiti, Nationwide

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

Administrative cost history3
2024$57,389 · 0.69%
2023$83,879 · 1.11%
2022$78,784 · 0.99%
Similar plansAccommodation & Food Services · Minnesota
Burwell Enterprises, LLC MN$10.4M · 0.45%
Etoc Company, Inc. MN$9.0M · 0.10%
D'Amico Holding Company MN$8.7M · 0.60%
Acr Restaurants, Inc. MN$7.0M · 0.99%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 410991683 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.