Plan Ledger DOL Form 5500 · updated monthly

Trident Trust Company (South Dakota) Inc.401(k)

TRIDENT FUND SERVICES, INC.401(K) PLAN · SIOUX FALLS, SD · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Trident Trust Company (South Dakota) Inc. reported $706 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,169 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 0.00% to 0.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in South Dakota (170th of 233), and 4,291st of 4,798 in finance & insurance. In 2024, employees put in $2.21 for every $1.00 the employer contributed; active participation has shrunk from 143 to 112 since 2022.

Plan summary
Net assets, end of year$6,895,447
Participants with balances134
Active participants112
Employer contributions$466,913
Employee contributions$1,032,327
Employer contribution per active participant$4,169
Average account balance$51,459
Benefits paid to participants$893,144
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.9M · 134 accts · $467K emplr
2023$5.3M · 137 accts · $480K emplr
2022$3.5M · 146 accts · $397K emplr
The Trident Trust Company (South Dakota) Inc. 401(k) match · 2024
Employer contribution per active participant$4,169
Median for plans this size$1,313
2024$4,169 per active participant
2023$4,136 per active participant
2022$2,778 per active participant

Trident Trust Company (South Dakota) Inc.'s 2024 employer contribution ran above the $1,313 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 · 20241
WAVERLY ADVISORS · Pension consulting · Investment advisory (participants)$706

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$706 · 0.01%
2023$653 · 0.01%
2022$150 · 0.00%
Similar plansFinance & Insurance · South Dakota
First Fidelity Bank SD$22.7M · 0.10%
Reliabank Dakota SD$20.4M · 0.06%
Pioneer Bank & Trust SD$20.3M · 0.00%
Texas Community Bank TX$6.9M · 0.02%
Ygrene Energy Fund, Inc. FL$6.9M · 0.29%
King Risk Partners, LLC FL$6.9M · 1.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264124018 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.