Plan Ledger DOL Form 5500 · updated monthly

Upper Sioux Community401(k)

UPPER SIOUX COMMUNITY/PRAIRIE'S EDGE CASINO RESORT 401(K) · GRANITE FALLS, MN · plan year 2024

Reported admin expense ratio · 2024
0.87%

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

Upper Sioux Community reported $39,790 in plan administrative expenses for 2024: 0.87% of average plan assets, higher than ~75% of peers. Employer contributions averaged $968 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 1.53% to 0.87%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in Minnesota (1,583rd of 1,918), and 928th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $2.42 for every $1.00 the employer contributed; active participation has grown from 257 to 287 since 2022.

Plan summary
Net assets, end of year$5,081,360
Participants with balances210
Active participants287
Employer contributions$277,802
Employee contributions$671,037
Employer contribution per active participant$968
Average account balance$24,197
Benefits paid to participants$342,374
Plan auditUnmodified (clean) audit opinion
AuditorSCHECHTER DOKKEN KANTER CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$5.1M · 210 accts · $278K emplr
2023$4.0M · 207 accts · $266K emplr
2022$3.1M · 201 accts · $209K emplr
The Upper Sioux Community 401(k) match · 2024
Employer contribution per active participant$968
Median for plans this size$1,313
2024$968 per active participant
2023$966 per active participant
2022$812 per active participant

Upper Sioux Community's 2024 employer contribution ran below the $1,313 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 · 20242
NATIONWIDE · Recordkeeping · Custodial$34,594
DEFINITI, LLC · Contract administrator · Recordkeeping$5,196

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

Recordkeeper by year2
2024Definiti, Nationwide
2023Definiti, Nationwide

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

Administrative cost history3
2024$39,790 · 0.87%
2023$58,182 · 1.63%
2022$47,049 · 1.53%
Similar plansArts, Entertainment & Recreation · Minnesota
King Show Games, Inc. MN$7.0M · 0.01%
Snap Fitness, Inc. MN$6.2M · 0.96%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410916290 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.