Plan Ledger DOL Form 5500 · updated monthly

South Dakota Network, LLC401(k)

SOUTH DAKOTA NETWORK, LLC 401(K) PLAN · SIOUX FALLS, SD · plan year 2025

Reported admin expense ratio · 2025
0.39%

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

South Dakota Network, LLC reported $130,469 in plan administrative expenses for 2025: 0.39% of average plan assets, above the peer median. Employer contributions averaged $7,101 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 3 years on file its reported administrative ratio fell from 0.58% to 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other information & media employers. By assets it is the 56th-largest of 233 plans among South Dakota employers on file, and the 681st of 2,199 in information & media. In 2025, employees put in $1.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$36,243,424
Participants with balances163
Active participants116
Employer contributions$823,679
Employee contributions$1,078,163
Employer contribution per active participant$7,101
Average account balance$222,352
Benefits paid to participants$447,807
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$36.2M · 163 accts · $824K emplr
2024$30.1M · 113 accts · $789K emplr
2023$26.5M · 171 accts · $766K emplr
2022$23.5M · 177 accts · $731K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$37,787
Investment management$75,565
Audit (IQPA)$17,117
Total administrative$130,469
The South Dakota Network, LLC 401(k) match · 2025
Employer contribution per active participant$7,101
Median for plans this size$2,666
2025$7,101 per active participant
2024$6,923 per active participant
2023$6,551 per active participant
2022$6,643 per active participant

South Dakota Network, LLC's 2025 employer contribution ran above the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20254
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$62,072
EIDE BAILLY LLP · Accounting / audit$17,117
EMPOWER ADVISORY GROUP, LLC · Investment management$13,493

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

Administrative cost history4
2025$130,469 · 0.39%
2024$114,369 · 0.40%
2023$99,834 · 0.40%
2022$156,252 · 0.58%
Same employer
Similar plansInformation & Media · South Dakota
The Channel Company, LLC MA$36.5M · 0.02%
Wiland, Inc. CO$36.4M · 0.18%
Zwift, Inc. CA$36.2M · 0.42%
Sparefoot, Inc. TX$36.2M · 0.50%
Kddi America, Inc. NY$36.1M · 0.37%
Sysdig, Inc. CA$36.1M · 0.35%
Harpo, Inc. CA$36.0M

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Source: U.S. Department of Labor, Form 5500 series, EIN 460454662 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.