401(k) · DOL Form 5500 · 2024

First Premier Bank 401(k) Plan

Data updated 2026-08-25

$241M
Total assets Near avg plan size
1,821
Participants Near avg headcount
95th
Percentile by assets National rank
$132,122
Avg per participant Near avg balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#7,857
in Finance & Insurance (8,549 peers)
+11.4%
assets growth YoY
2.4×
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 2024 · DOL Form 5500

$240,594,371 Top 5% higher than 95% of 123,620 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 2024

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

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Premier 401(k) Plan lands in the large band (1,821 participants).

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.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 460119480 · First Premier Bank PY 2024 · 401(k)

Premier 401(k) Plan · $241M · 1,821 · 95th

  • BOY $241M
  • BOY 1,821
  • BOY 95th
  • BOY 401(k)
  • BOY near Lacks Enterprises, Inc. Retirement Savings and Profit Sharing Plan
  • BOY ind #7857

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

Cvent, Inc.$241MPremier 401(k) Plan$241MLacks Enterprises, Inc. Retirement Savings and Profit Sharing PlanLacks Enterprises, Inc. Reti…$241MMartignetti Companies, LLC 401(k) PlanMartignetti Companies, LLC 4…$241MWashington Regional 401(k) PlanWashington Regional 401(k) P…$240M
End-of-year total assets ($M) among Premier 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

South Dakota filing particulars

Total Assets (Beginning of Year)$216M
Net Assets (End of Year)$241M
Net Income$25M
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 02004006008001000 Total assets ($M) Participants Premier 401(k) Plan, Total assets ($M): 240.594371 · Participants: 1821Premier 401(k) PlanBlack Hills Corporation 401(k) Retirement Savings Plan, Total assets ($M): 811.221285 · Participants: 2881Black Hills Corporation 401(k) Retirement Savings PlanGood Samaritan Society 401(k) Plan, Total assets ($M): 278.292791 · Participants: 12199Good Samaritan Society 401(k) PlanPoet 401(k) Plan, Total assets ($M): 265.689062 · Participants: 2380Poet 401(k) PlanDaktronics, Inc. 401(k) Plan, Total assets ($M): 262.560689 · Participants: 2369Daktronics, Inc. 401(k) PlanPathward, National Association 401(k) Plan, Total assets ($M): 173.664829 · Participants: 1241Pathward, 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 Lacks Enterprises, Inc. Retirement Savings and Profit Sharing Plan in MI ($241M); by covered participants it is Haeco Americas 401(k) Plan in NC (1,822 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($241M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,821 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Premier 401(k) Plan grew at a solid clip - up 11.4% during 2024, from $216M to $241M. Reported net income was $25M.
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 123,622 plans that reported assets for plan year 2024 (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 Lacks Enterprises, Inc. Retirement Savings and Profit Sharing Plan in MI ($241M, 2,401 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 Haeco Americas 401(k) Plan in NC (1,822 participants, $94M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.