Big Stone Therapies, Inc. 401(k) Review & Grade
Big Stone Therapies, Inc. Retirement Plan
Big Stone City, SDHealth Care & Social Assistance537 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,128Employer $ per active participant
$3,013Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$23.0MNet plan assets, end of year
$46,725Average balance per account
Score breakdown
- Employer generosity26.7 / 5053th percentile for employer $ per participant
- Low cost6.7 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 27th |
| Employee saving | 56th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Big Stone Therapies put in about $1,128 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.45% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $605,549 |
| Participant (employee) contributions | $1,618,105 |
| Other contributions (incl. rollovers in) | $352,595 |
| Administrative expenses paid from the plan | $94,715 |
| Investment advisory & management fees | $94,715 |
| Benefits paid out | $1,343,321 |
| Net assets, start / end of year | $19.4M / $23.0M |
| Active participants, start / end of year | 495 / 579 |
| Participants with account balances | 493 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly, LLP |
Largest service providers (Schedule C)
| Benefit Plans Admin Services, Inc. | $69,934 reported compensation |
| Impact Retirement Advisors, LLC | $23,590 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001162201NAL0018047651001, received 2025-10-01, EIN 45-4199100, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.