401(k) · DOL Form 5500 · 2022
First Premier Bank 401(k) Plan
Data updated 2026-08-06
- $184M
- Total assets
- 1,883
- Participants
- 95th
- Percentile by assets
- $97,669
- Avg per participant
Official DOL plan name: Premier 401(k) Plan · Sponsored by First Premier Bank · South Dakota · Finance & Insurance
$184M in assets, 1,883 participants
First Premier Bank's Premier 401(k) Plan reported $184M in total assets and 1,883 participants in its 2022 DOL Form 5500 filing, ranking in the 95th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 95th percentile by assets (of 139,258 plans)
- #8,541 in Finance & Insurance (9,267 peers)
Coverage in South Dakota
Premier 401(k) Plan covers 1,883 participants in South Dakota, 5.4x the typical South Dakota plan (state average ~346 per filing). Assets: $184M.
- $184M
- total plan assets (2022 EOY)
- 1,883
- covered participants
- 95th
- percentile by assets (of 139,258 plans)
- $97,669
- avg assets per participant
The plan reported a net loss of $34M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs South Dakota filers
In South Dakota, the average filing covers about 346 participants across 303 plans. Premier 401(k) Plan reports 1,883 participants - 5.4x that state average ($184M EOY assets).
South Dakota filing particulars
| Total Assets (Beginning of Year) | $218M |
|---|---|
| Net Assets (End of Year) | $184M |
| Net Income | -$34M |
| Employer EIN | 460119480 |
| Plan Effective Date | 1965-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (First Premier Bank)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,883 | $184M |
| 2023 | 1 | 1,913 | $216M |
| 2024 | 1 | 1,821 | $241M |
Nearby 401(k) Plans in South Dakota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Premier 401(k) Plan vs. nearby 401(k) plans in South Dakota, assets vs. participants
- Black Hills Corporation 401(k) Retirement Savings Plan $615M · 2,873
- Good Samaritan Society 401(k) Plan $212M · 13,988
- Daktronics, Inc. 401(k) Plan $189M · 2,033
- Poet Biorefining 401(k) Plan $172M · 2,022
- Amesbury Group, Inc. Retirement Savings Plan $116M · 1,284
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Premier 401(k) Plan by total assets, not by location.
- Wolverine World Wide, Inc. 401(k) Retirement Savings Plan I (MI) $184M · 1,240
- First Tech Federal Credit Union Employees Qualified Savings Plan (OR) $184M · 1,542
- Tsmc North America 401(k) Plan (CA) $184M · 559
- Pace Analytical Retirement Savings Plan (MN) $184M · 3,508
Frequently Asked Questions
How did Premier 401(k) Plan assets move in 2022? ▼
How have First Premier Bank plan assets changed over time? ▼
Where does Premier 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Premier 401(k) Plan? ▼
Next read for Premier 401(k) Plan
Filing takeaways
Ways to act on Premier 401(k) Plan's numbers.
- By total assets, Premier 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in South Dakota. Compare plans
- First Premier Bank's sponsor-wide assets have grown 30.8% since 2022 across 3 plan years on file. More Finance & Insurance plans