401(k) · DOL Form 5500 · 2023

First Premier Bank 401(k) Plan

Data updated 2026-08-25

$216M
Total assets Near avg plan size
1,913
Participants Near avg headcount
95th
Percentile by assets National rank
$112,910
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

$216M in assets, 1,913 participants

First Premier Bank's Premier 401(k) Plan reported $216M in total assets and 1,913 participants in its 2023 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.

  • #8,164 in Finance & Insurance (8,869 peers)

Coverage in South Dakota

Premier 401(k) Plan covers 1,913 participants in South Dakota, 5.6x the typical South Dakota plan (state average ~340 per filing). Assets: $216M.

#8,164
in Finance & Insurance (8,869 peers)
+17.4%
assets growth YoY
2.2×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$215,996,195 Top 5% higher than 95% of 127,068 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 2023

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

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Premier 401(k) Plan lands in the large band (1,913 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Premier 401(k) Plan reported net income rose from -$34M in the plan year 2022 filing to $32M in the plan year 2023 filing.
  • Premier 401(k) Plan end-of-year assets rose from $184M in the plan year 2022 filing to $216M in the plan year 2023 filing.
  • Premier 401(k) Plan reported participants rose from 1,883 in the plan year 2022 filing to 1,913 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 460119480 · First Premier Bank PY 2023 · 401(k)

Premier 401(k) Plan · $216M · 1,913 · 95th

  • EIN $216M
  • RANK 1,913
  • PHOTO 95th
  • IND 401(k)
  • EOY near IBEW Local 683 Profit Sharing Annuity Plan
  • 5500 ind #8164

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

Premier 401(k) Plan$216MIBEW Local 683 Profit Sharing Annuity PlanIBEW Local 683 Profit Sharin…$216MRestek Corporation Profit Sharing and ESOPRestek Corporation Profit Sh…$216MBroadview Retirement Savings PlanBroadview Retirement Savings…$216MTitan America LLC 401(k) Retirement Savings PlanTitan America LLC 401(k) Ret…$216M
End-of-year total assets ($M) among Premier 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

South Dakota filing particulars

Total Assets (Beginning of Year)$184M
Net Assets (End of Year)$216M
Net Income$32M
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): 215.996195 · Participants: 1913Premier 401(k) PlanBlack Hills Corporation 401(k) Retirement Savings Plan, Total assets ($M): 726.965765 · Participants: 2972Black Hills Corporation 401(k) Retirement Savings PlanGood Samaritan Society 401(k) Plan, Total assets ($M): 254.213431 · Participants: 12894Good Samaritan Society 401(k) PlanDaktronics, Inc. 401(k) Plan, Total assets ($M): 235.476974 · Participants: 2254Daktronics, Inc. 401(k) PlanPoet 401(k) Plan, Total assets ($M): 219.059384 · Participants: 2254Poet 401(k) PlanPathward, National Association 401(k) Plan, Total assets ($M): 150.914631 · Participants: 1195Pathward, National Association 401(k) 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 IBEW Local 683 Profit Sharing Annuity Plan in MO ($216M); by covered participants it is American Consolidated Natural Resources, Inc. Savings and Security Plan in OH (1,913 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($216M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,913 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Premier 401(k) Plan grew sharply - up 17.4% during 2023, from $184M to $216M. Reported net income was $32M.
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 127,072 plans that reported assets for plan year 2023 (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 IBEW Local 683 Profit Sharing Annuity Plan in MO ($216M, 2,422 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 American Consolidated Natural Resources, Inc. Savings and Security Plan in OH (1,913 participants, $256M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.