Plan Ledger DOL Form 5500 · updated monthly

Spirit Lake Tribe401(k)

SPIRIT LAKE TRIBE 401(K) PLAN · FORT TOTTEN, ND · plan year 2024

Reported admin expense ratio · 2024
1.83%

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

Spirit Lake Tribe reported $292,182 in plan administrative expenses for 2024: 1.83% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,386 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 has held roughly steady near 1.826%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other public administration employers. By assets it is the 134th-largest of 279 plans among North Dakota employers on file, and the 37th of 90 in public administration. In 2024, the employer put in $1.16 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$16,869,643
Participants with balances1,188
Active participants455
Employer contributions$1,540,824
Employee contributions$1,325,065
Employer contribution per active participant$3,386
Average account balance$14,200
Benefits paid to participants$2,816,546
Plan auditUnmodified (clean) audit opinion
AuditorBRADY, MARTZ & ASSOCIATE, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$16.9M · 1,188 accts · $1.5M emplr
2023$15.1M · 1,299 accts · $1.4M emplr
2022$12.7M · 1,324 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$162,255
Investment management$51,584
Total administrative$292,182
The Spirit Lake Tribe 401(k) match · 2024
Employer contribution per active participant$3,386
Median for plans this size$2,416
2024$3,386 per active participant
2023$3,347 per active participant
2022$2,948 per active participant

Spirit Lake Tribe's 2024 employer contribution ran above the $2,416 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$34,901
FUTUREPLAN BY ASCENSUS - GLDLF · Plan administrator$77,584
WEALTH PLUS OF THE DAKOTAS,INC · Investment advisory (participants)$48,795
WILSHIRE ASSOCIATES INC(USA) · Investment advisory (participants)$2,788

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$292,182 · 1.83%
2023$250,675 · 1.80%
2022$249,767 · 1.83%
Similar plansPublic Administration · North Dakota
Quinault Indian Nation WA$21.3M · 0.35%
Jobsohio OH$17.2M · 0.05%
Pueblo of Pojoaque NM$16.4M · 0.48%
Kickapoo Tribe of Oklahoma OK$16.0M · 0.02%
The Baby Fold, Inc. IL$13.7M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450314494 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.