401(k) · DOL Form 5500 · 2023

First Dakota Financial Corporation 401(k) Plan

Data updated 2026-08-25

$79M
Total assets Below avg plan size
367
Participants Below avg headcount
90th
Percentile by assets National rank
$215,201
Avg per participant Above avg balance/head
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Official DOL plan name: First Dakota Financial Corporation 401(k) Plan · Sponsored by First Dakota Financial Corporation · South Dakota · Finance & Insurance

$79M in assets, 367 participants

First Dakota Financial Corporation's First Dakota Financial Corporation 401(k) Plan reported $79M in total assets and 367 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • #7,440 in Finance & Insurance (8,869 peers)

Where First Dakota Financial Corporation 401(k) Plan sits by assets

First Dakota Financial Corporation 401(k) Plan sits in the top 10% of all filed plans by assets, $79M for 367 participants (~$215,201/participant), up 19.1% in 2023.

#7,440
in Finance & Insurance (8,869 peers)
+19.1%
assets growth YoY
0.8×
vs typical plan assets (national mean)

First Dakota Financial Corporation 401(k) Plan's outsized position by total assets

First Dakota Financial Corporation 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$78,978,630 Top 10% higher than 90% 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

First Dakota Financial Corporation 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Dakota Financial Corporation 401(k) Plan sits mid-pack in the medium band (367 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Dakota Financial Corporation 401(k) Plan reported net income rose from -$10M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • First Dakota Financial Corporation 401(k) Plan end-of-year assets rose from $66M in the plan year 2022 filing to $79M in the plan year 2023 filing.
  • First Dakota Financial Corporation 401(k) Plan reported participants rose from 362 in the plan year 2022 filing to 367 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 460402899 · First Dakota Financial Corporation PY 2023 · 401(k)

First Dakota Financial Corporation 401(k) Plan · $79M · 367 · 90th

  • EIN $79M
  • EIN 367
  • EIN 90th
  • EIN 401(k)
  • EIN near Scantron Corporation 401(k) Plan
  • EIN ind #7440

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 →

First Dakota Financial Corporation 401(k) Plan in the asset neighbourhood

10x Genomics 401(k) Plan$79MScantron Corporation 401(k) PlanScantron Corporation 401(k) …$79MFirst Dakota Financial Corporation 401(k) PlanFirst Dakota Financial Corpo…$79MWolverine Fuels Holding, LLC 401(k) PlanWolverine Fuels Holding, LLC…$79MDeferred Salary Plan for Employees of Haldor Topsoe, Inc.Deferred Salary Plan for Emp…$79M
End-of-year total assets ($M) among First Dakota Financial Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$66M
Net Assets (End of Year)$79M
Net Income$13M
Employer EIN460402899
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Dakota Financial Corporation)

Sponsor-wide plan assets over time

All First Dakota Financial Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$93M 40.47781620596487% vs 2022
2024 filing year
$60M$70M$80M$90M$100M 202220232024 $66.3M $93.2M ▲ +40.5%
Year Plans Participants Total Assets
2022 1 362 $66M
2023 1 367 $79M
2024 1 364 $93M

Nearby 401(k) Plans in South Dakota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

First Dakota Financial Corporation 401(k) Plan vs. nearby 401(k) plans in South Dakota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 0200400600800 Total assets ($M) Participants First Dakota Financial Corporation 401(k) Plan, Total assets ($M): 78.97863 · Participants: 367First Dakota Financial Corporation 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) PlanPremier 401(k) Plan, Total assets ($M): 215.996195 · Participants: 1913Premier 401(k) Plan
First Dakota Financial Corporation 401(k) Plan vs. nearby 401(k) plans in South Dakota, assets vs. participants
Compare First Dakota Financial Corporation 401(k) Plan side-by-side with 3 peers →

First Dakota Financial Corporation 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside South Dakota, the nearest 401(k) by assets is Scantron Corporation 401(k) Plan in MN ($79M); by covered participants it is Lacerta Group, LLC 401(k) Plan in MA (367 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($79M here).

Similar participant headcount

Nearest other-state filings by covered participants (367 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 First Dakota Financial Corporation 401(k) Plan assets move in 2023? ▼
First Dakota Financial Corporation 401(k) Plan grew sharply - up 19.1% during 2023, from $66M to $79M. Reported net income was $13M.
How have First Dakota Financial Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Dakota Financial Corporation's sponsor-wide assets grew 40.5%, from $66M to $93M.
Where does First Dakota Financial Corporation 401(k) Plan rank by assets among Form 5500 filers? ▼
First Dakota Financial Corporation 401(k) Plan ranks in the 90th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to First Dakota Financial Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Scantron Corporation 401(k) Plan in MN ($79M, 463 participants).
Which 401(k) plans cover a similar participant headcount to First Dakota Financial Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Lacerta Group, LLC 401(k) Plan in MA (367 participants, $5M 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 460402899.

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.