Plan Ledger DOL Form 5500 · updated monthly

Reliabank Dakota401(k)

RELIABANK DAKOTA 401(K) PLAN · ESTELLINE, SD · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Reliabank Dakota reported $11,681 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,846 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 0.08% to 0.06%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 88th-largest of 233 plans among South Dakota employers on file, and 3,026th of 4,798 in finance & insurance. In 2024, employees put in $1.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,359,306
Participants with balances118
Active participants92
Employer contributions$445,820
Employee contributions$618,874
Employer contribution per active participant$4,846
Average account balance$172,536
Benefits paid to participants$2,314,109
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.4M · 118 accts · $446K emplr
2023$19.0M · 128 accts · $460K emplr
2022$15.6M · 113 accts · $640K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,681
Total administrative$11,681
The Reliabank Dakota 401(k) match · 2024
Employer contribution per active participant$4,846
Median for plans this size$2,416
2024$4,846 per active participant
2023$4,843 per active participant
2022$6,882 per active participant

Reliabank Dakota's 2024 employer contribution ran above the $2,416 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 · 20243
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$13,636
FUTUREPLAN BY ASCENSUS · Contract administrator$3,175
ASCENSUS · Contract administratorindirect 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
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$11,681 · 0.06%
2023$11,182 · 0.06%
2022$12,714 · 0.08%
Similar plansFinance & Insurance · South Dakota
Cortrust Bank NA SD$31.8M · 0.01%
American Bank & Trust SD$31.6M · 0.04%
Security First Bank SD$29.7M · 0.28%
First Fidelity Bank SD$22.7M · 0.10%
Pioneer Bank & Trust SD$20.3M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460133683 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.