401(k) · DOL Form 5500 · 2022

First Premier Bank 401(k) Plan

Data updated 2026-08-25

$184M
Total assets Near avg plan size
1,883
Participants Near avg headcount
95th
Percentile by assets National rank
$97,669
Avg per participant Below avg balance/head
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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.

  • #8,535 in Finance & Insurance (9,261 peers)

Coverage in South Dakota

Premier 401(k) Plan covers 1,883 participants in South Dakota, 5.5x the typical South Dakota plan (state average ~340 per filing). Assets: $184M.

#8,535
in Finance & Insurance (9,261 peers)
-15.6%
assets change YoY
1.8×
vs typical plan assets (national mean)

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.

Premier 401(k) Plan's outsized position by total assets

Premier 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$183,910,332 Top 5% higher than 95% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Premier 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Premier 401(k) Plan lands in the large band (1,883 participants).

DOL schedule card

Filing strip 460119480 · First Premier Bank PY 2022 · 401(k)

Premier 401(k) Plan · $184M · 1,883 · 95th

  • TYPE $184M
  • TYPE 1,883
  • TYPE 95th
  • TYPE 401(k)
  • TYPE near Wolverine World Wide, Inc. 401(k) Retirement Savings Plan I
  • TYPE ind #8535

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in South Dakota →

Premier 401(k) Plan in the asset neighbourhood

Pace Analytical Retirement Savings PlanPace Analytical Retirement S…$184MFirst Tech Federal Credit Union Employees Qualified Savings PlanFirst Tech Federal Credit Un…$184MTsmc North America 401(k) PlanTsmc North America 401(k) Pl…$184MWolverine World Wide, Inc. 401(k) Retirement Savings Plan IWolverine World Wide, Inc. 4…$184MPremier 401(k) Plan$184M
End-of-year total assets ($M) among Premier 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

South Dakota filing particulars

Total Assets (Beginning of Year)$218M
Net Assets (End of Year)$184M
Net Income-$34M
Employer EIN460119480
Plan Effective Date1965-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Premier Bank)

Sponsor-wide plan assets over time

All First Premier Bank plans reported in each filing year

Latest sponsor-wide plan assets
$241M 30.82156308651544% vs 2022
2024 filing year
$160M$180M$200M$220M$240M$260M 202220232024 $184M $241M ▲ +30.8%
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 Scatter plot of 6 data points. 050001000015000 0200400600800 Total assets ($M) Participants Premier 401(k) Plan, Total assets ($M): 183.910332 · Participants: 1883Premier 401(k) PlanBlack Hills Corporation 401(k) Retirement Savings Plan, Total assets ($M): 615.260397 · Participants: 2873Black Hills Corporation 401(k) Retirement Savings PlanGood Samaritan Society 401(k) Plan, Total assets ($M): 212.264423 · Participants: 13988Good Samaritan Society 401(k) PlanDaktronics, Inc. 401(k) Plan, Total assets ($M): 189.289255 · Participants: 2033Daktronics, Inc. 401(k) PlanPoet Biorefining 401(k) Plan, Total assets ($M): 171.826935 · Participants: 2022Poet Biorefining 401(k) PlanAmesbury Group, Inc. Retirement Savings Plan, Total assets ($M): 115.781352 · Participants: 1284Amesbury Group, Inc. Retirement Savings Plan
Premier 401(k) Plan vs. nearby 401(k) plans in South Dakota, assets vs. participants
Compare Premier 401(k) Plan side-by-side with 3 peers →

Premier 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside South Dakota, the nearest 401(k) by assets is Wolverine World Wide, Inc. 401(k) Retirement Savings Plan I in MI ($184M); by covered participants it is Hogan Lovells US LLP Retirement Savings Plan in DC (1,883 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,883 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Premier 401(k) Plan assets move in 2022? ▼
Premier 401(k) Plan declined sharply - down 15.6% during 2022, from $218M to $184M. Reported net income was -$34M.
How have First Premier Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Premier Bank's sponsor-wide assets grew 30.8%, from $184M to $241M.
Where does Premier 401(k) Plan rank by assets among Form 5500 filers? ▼
Premier 401(k) Plan ranks in the 95th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Premier 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Wolverine World Wide, Inc. 401(k) Retirement Savings Plan I in MI ($184M, 1,240 participants).
Which 401(k) plans cover a similar participant headcount to Premier 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Hogan Lovells US LLP Retirement Savings Plan in DC (1,883 participants, $1.3B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 460119480.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.