401(k) · DOL Form 5500 · 2024
First Premier Bank 401(k) Plan
Data updated 2026-08-11
- $241M
- Total assets
- 1,821
- Participants
- 95th
- Percentile by assets
- $132,122
- Avg per participant
Official DOL plan name: Premier 401(k) Plan · Sponsored by First Premier Bank · South Dakota · Finance & Insurance
$241M in assets, 1,821 participants
First Premier Bank's Premier 401(k) Plan reported $241M in total assets and 1,821 participants in its 2024 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 123,622 plans)
- #7,857 in Finance & Insurance (8,549 peers)
Coverage in South Dakota
Premier 401(k) Plan covers 1,821 participants in South Dakota, 5.4x the typical South Dakota plan (state average ~340 per filing). Assets: $241M.
- $241M
- total plan assets (2024 EOY)
- 1,821
- covered participants
- 95th
- percentile by assets (of 123,622 plans)
- $132,122
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Premier 401(k) Plan reported net income fell from $32M in the plan year 2023 filing to $25M in the plan year 2024 filing.
- Premier 401(k) Plan end-of-year assets rose from $216M in the plan year 2023 filing to $241M in the plan year 2024 filing.
- Premier 401(k) Plan reported participants fell from 1,913 in the plan year 2023 filing to 1,821 in the plan year 2024 filing.
Participants vs South Dakota filers
In South Dakota, the average filing covers about 340 participants across 321 plans. Premier 401(k) Plan reports 1,821 participants - 5.4x that state average ($241M EOY assets).
South Dakota filing particulars
| Total Assets (Beginning of Year) | $216M |
|---|---|
| Net Assets (End of Year) | $241M |
| Net Income | $25M |
| 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 $811M · 2,881
- Good Samaritan Society 401(k) Plan $278M · 12,199
- Poet 401(k) Plan $266M · 2,380
- Daktronics, Inc. 401(k) Plan $263M · 2,369
- Pathward, National Association 401(k) Plan $174M · 1,241
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Premier 401(k) Plan by total assets, not by location.
- Lacks Enterprises, Inc. Retirement Savings and Profit Sharing Plan (MI) $241M · 2,401
- Cvent, Inc. (VA) $241M · 1,912
- Martignetti Companies, LLC 401(k) Plan (MA) $241M · 633
- Washington Regional 401(k) Plan (AR) $240M · 3,463
Frequently Asked Questions
How did Premier 401(k) Plan assets move in 2024? ▼
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