Back to filter
Original filing (PDF)20250617092838NAL0001497313004
ND BANKS BENEFIT TRUST
Form 5500
FILING_RECEIVED
ND BANKS BENEFIT TRUST
Health & welfare plan
Signals · 2
~1190 bps in Sched C feesNo recordkeeper disclosed
Active participants
1,403
Accounts w/ balance
—
Plan assets (EOY)
$11.7M
Net assets (EOY)
$10.1M
How this plan invests
This plan
7 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
89
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- 1190 bps in Schedule C fees — 4002% above peer band of 29 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for ND BANKS BENEFIT TRUST.
Plan sponsor
Name
ND BANKS BENEFIT TRUST
EIN
46-7521485
Address
122 EAST MAIN AVENUE · SUITE 201 · BISMARCK, ND · 58501
Phone
(701) 223-5303
Industry
Commercial Banking· Finance & Insurancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-06-17
Welfare benefit codes
4A · Health (other than dental or vision)
4D · Dental
4E · Vision
Audit & trust (Schedule H)
Auditor
EIDE BAILLY LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
5 rowsOther
5| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| NORIDIAN MUTUAL INSURANCE COMPANY | — | FARGO, ND | NONE | $1.1M | — |
| BROWN & BROWN | 83-2217196 | — | NONE | $145K | — |
| NORTH DAKOTA BANKERS ASSOCIATION | 45-0406825 | — | NONE | $83K | — |
| EIDE BAILLY LLP | 45-0250958 | — | NONE | $22K | — |
| PRIME THERAPEUTICS | — | EAGAN, MN | NONE | $0 | — |
Investments
6 direct securities· $5.4M(46% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| US. Treasury Note; Bank of North Dakota due 4/30/2025, 3.875% interest | — | — | $1.4M | $1.4M | 11.7% | |
| US. Treasury Note; Bank of North Dakota due 11/15/2026, 4.875% interest | — | — | $1.4M | $1.4M | 11.7% | |
| US. Treasury Bill; Bank of North Dakota due 6/12/2025, DI interest | — | — | $1.1M | $1.1M | 9.2% | |
| US. Treasury Bill; Bank of North Dakota due 1/23/2025, DI interest | — | — | $515K | $538K | 4.6% | |
| US. Treasury Note; Bank of North Dakota due 10/15/2025, 4.25% interest | — | — | $497K | $501K | 4.3% | |
| US. Treasury Note; Bank of North Dakota due 10/31/2026, 4.125% interest | — | — | $499K | $500K | 4.3% |
Related plans
Other plans using NORIDIAN MUTUAL INSURANCE COMPANY
Similar-size Commercial Banking plans
CENTENNIAL BANK, INC.
CENTENNIAL BANK, INC. PROFIT SHARING PLAN
$11.7M · 155 participants
FIRST SONORA BANCSHARES INC.
FIRST SONORA BANCSHARES, INC. 401(K)EMPLOYEE STOCK OWNERSHIP PLAN
$11.7M · 121 participants
FIRST CITIZENS COMMUNITY BANK
FIRST CITIZENS COMMUNITY BANK ACCOUNT BALANCE PENSION PLAN
$11.7M · 42 participants
SULLIVAN BANK
SULLIVAN BANK 401(K) RETIREMENT PLAN
$11.8M · 156 participants
AMERICAN BANK
AMERICAN BANK RETIREMENT PLAN
$11.7M · 68 participants
THE FIRST NATIONAL BANK OF GROTON
THE FIRST NATIONAL BANK OF GROTON RETIREMENT PLAN
$11.7M · 34 participants
Large plans in North Dakota
SANFORD
SANFORD RETIREMENT SAVINGS PLAN
$3.6B · 33,144 participants
BORDER STATES INDUSTRIES, INC.
BORDER STATES INDUSTRIES, INC. EMPLOYEE STOCK OWNERSHIP PLAN
$1.3B · 3,196 participants
SCHEELS ALL SPORTS, INC.
SCHEELS EMPLOYEE STOCK OWNERSHIP PLAN
$963.0M · 4,480 participants
KNIFE RIVER CORPORATION
KNIFE RIVER CORPORATION 401(K) RETIREMENT PLAN
$856.4M · 5,546 participants
BELL BANK
BELL AGGRESSIVE GROWTH FUND
$791.3M
MDU RESOURCES GROUP, INC.
MDU RESOURCES GROUP, INC. 401(K) RETIREMENT PLAN
$775.6M · 2,064 participants