Plan Ledger DOL Form 5500 · updated monthly

Presbyterian Retirement Village of Rapid City, Inc. dba Westhills Vill401(k)

WESTHILLS VILLAGE 401(K) RETIREMENT SAVINGS PLAN · RAPID CITY, SD · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Presbyterian Retirement Village of Rapid City, Inc. dba Westhills Vill reported $35,140 in plan administrative expenses for 2024: 0.48% of average plan assets, below the peer median. Employer contributions averaged $1,279 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 0.78% to 0.48%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in South Dakota (163rd of 233), and 6,729th of 11,911 in health care & social assistance. In 2024, employees put in $1.64 for every $1.00 the employer contributed; active participation has grown from 125 to 190 since 2022.

Plan summary
Net assets, end of year$7,312,298
Participants with balances161
Active participants190
Employer contributions$243,000
Employee contributions$399,416
Employer contribution per active participant$1,279
Average account balance$45,418
Benefits paid to participants$1,624,319
Plan auditUnmodified (clean) audit opinion
AuditorKETEL THORSTENSON, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.3M · 161 accts · $243K emplr
2023$7.2M · 151 accts · $224K emplr
2022$6.5M · 153 accts · $212K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,036
Investment management$1,734
Audit (IQPA)$2,370
Total administrative$35,140
The Presbyterian Retirement Village of Rapid City, Inc. dba Westhills Vill 401(k) match · 2024
Employer contribution per active participant$1,279
Median for plans this size$1,313
2024$1,279 per active participant
2023$1,417 per active participant
2022$1,697 per active participant

Presbyterian Retirement Village of Rapid City, Inc. dba Westhills Vill's 2024 employer contribution ran below the $1,313 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 · 20244
FIRST INTERSTATE WEALTH MANAGEMENT$25,427
KETEL THORSTENSON, LLP · Accounting / audit$2,370
EMPOWER ADVISORY GROUP, LLC · Investment management$1,734

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$35,140 · 0.48%
2023$63,301 · 0.92%
2022$58,339 · 0.78%
Same employer
Similar plansHealth Care & Social Assistance · South Dakota
Lifequest SD$8.0M · 0.03%
Dakotabilities, Inc. SD$6.9M · 0.40%
Profile Plan LLC SD$6.2M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460354383 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.