Retirement plan

SOUTH DAKOTA NETWORK, LLC 401(K) PLAN

Name: SOUTH DAKOTA NETWORK, LLC - SOUTH DAKOTA NETWORK, LLC 401(K) PLAN (2025) Form 5500
Creator: SOUTH DAKOTA NETWORK, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTH DAKOTA NETWORK, LLC 401(K) PLAN, SOUTH DAKOTA NETWORK, LLC

SOUTH DAKOTA NETWORK, LLCEIN 46-0454662Plan #001PY 2025

2900 WEST 10TH STREET - SIOUX FALLS, SD 57104605-978-3533LinkedIn201-500 employeestelecommunications

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$36.2M

+20.5% from 2024

Total participants

169

-0.6% from 2024

Average account balance

$222,352

-16.5% from 2024

Annual return

15.67%

+2.57 pp from 2024

Benchmarks

See 322 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort322 peers

Snapshot2025

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$36.24M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$222K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

163

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

94.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.90M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.67%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$800

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH5 years Service code 27 1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534	Advisory (Plan)	$62,072
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$37,787
EIDE BAILLY LLP7 years Service code 10 PO BOX 88678 · MILWAUKEE, WI 53288	Accounting	$17,117
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$13,493

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$130K

$1125 / participant

Recordkeeping$38K29.0%
Investment mgmt$76K57.9%
Other / not subdivided$17K13.1%

% of EOY assets

0.360%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EIDE BAILLY
Auditor EIN: 450250958
Audit fees: $17,117
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$222,352

$82,879+168.3%

$96,576+130.2%

$67,986+227.1%

Participation rate

94.8%

75.2%+19.7pp

81.4%+13.4pp

57.2%+37.6pp

Annual return

15.67%

36.90%-21.2pp

38.47%-22.8pp

31.67%-16.0pp

Employer contribution / active EE

$7,101

$2,727+160.4%

$3,553+99.8%

$2,019+251.7%

Participant deferral / active EE

$9,295

$6,976+33.2%

$7,956+16.8%

$3,358+176.8%

Admin fee / account holder

$800

$2,783-71.2%

$11,381-93.0%

$3,203-75.0%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH5 years

Service code 27

1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534

Advisory (Plan)

$62,072

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$37,787

EIDE BAILLY LLP7 years

Service code 10

PO BOX 88678 · MILWAUKEE, WI 53288

Accounting

$17,117

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$13,493

SOUTH DAKOTA NETWORK, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTH DAKOTA NETWORK, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion