Plan Ledger DOL Form 5500 · updated monthly

Starion Bancorporation401(k)

STARION BANCORPORATION 401(K) PROFIT SHARING PLAN · BISMARCK, ND · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Starion Bancorporation reported $97,327 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $2,399 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 rose from 0.06% to 0.32%. 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 78th-largest of 279 plans among North Dakota employers on file, and the 2,304th of 4,798 in finance & insurance. In 2024, employees put in $2.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$32,391,633
Participants with balances300
Active participants242
Employer contributions$580,442
Employee contributions$1,419,393
Employer contribution per active participant$2,399
Average account balance$107,972
Benefits paid to participants$3,514,712
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$32.4M · 300 accts · $580K emplr
2023$29.3M · 322 accts · $577K emplr
2022$24.1M · 295 accts · $591K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,292
Investment management$53,415
Audit (IQPA)$9,620
Total administrative$97,327
The Starion Bancorporation 401(k) match · 2024
Employer contribution per active participant$2,399
Median for plans this size$2,416
2024$2,399 per active participant
2023$2,317 per active participant
2022$2,365 per active participant

Starion Bancorporation's 2024 employer contribution ran below 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 · 20243
CREATIVE PLANNING LLC · Investment advisory (plan)$53,415
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$34,292
EIDE BAILLY LLP · Accounting / audit$9,620

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$97,327 · 0.32%
2023$79,154 · 0.30%
2022$16,939 · 0.06%
Similar plansFinance & Insurance · North Dakota
First Western Bank & Trust ND$43.7M · 0.11%
Bank Forward ND$43.1M · 0.15%
American Federal Bank ND$29.4M · 0.23%
Cornerstone Bank ND$26.7M · 0.52%
Agraria Insurance Company ND$14.0M · 0.37%
Cole Papers, Inc. ND$11.4M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450368824 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.