Form 5500 · Employee benefit plan · ABERDEEN, SD
DACOTAH BANKS, INC.
The filing calls this plan GROUP LIFE DISABILITY AND HEALTH.
Public Form 5500 records show how DACOTAH BANKS, INC. of ABERDEEN, SD, a corporate management employer, structures its employee benefits. Its broker of record is DACOTAH INSURANCE. Coverage is written through WELLMARK BLUE CROSS AND BLUE SHIELD OF SOUTH DAKOTA and 2 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 46-0279766 · plan 501 · plan year 2025, filed Jul 2, 2026
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291 other employer plans in South Dakota have policy years ending in December. See the full list on the renewal calendar, or ask for it in Claude or ChatGPT.
How this plan is funded
Fully insured as reported
The filing reports medical coverage through an insurance contract on Schedule A, and no money paid for benefits by the plan itself.
A stop-loss policy appears on a Form 5500 only when the plan itself is the beneficiary, or the premiums are paid from plan money. Many employers buy stop-loss and never report it here. So a plan with no stop-loss on its filing may still have it.
Benefits declared on this filing
Also declared: death benefits, other welfare.
Declared benefits are the plan’s own line 8b codes on Form 5500. “Not on Schedule A” means no insured contract for that line appears on this filing. That usually means the benefit is self-funded, or it sits under a different plan number.
Persons covered is the count the carrier filed for that policy at the end of its policy year, and it can include dependents. Participants is the plan's own count at the start of its plan year. The two count different people, so a covered figure can be larger.
Plan brief
Schedule A lists 3 insured contracts covering health, dental, life and stop-loss; the largest, with WELLMARK BLUE CROSS AND BLUE SHIELD OF SOUTH DAKOTA, covers 601 people.
The filing declares health, dental, life and disability. Disability appears with no insured contract on Schedule A. That coverage may be self-funded, or placed with a carrier that is not on this filing.
The filing lists a stop-loss contract. On its own that does not settle whether the plan pays its own claims.
Reported premium across the insured contracts is $11,662,194, with $21,553 in disclosed broker commissions — about 0.2% of premium.
The most recent policy period ended in December, and the plan year ends December 31. Group contracts typically renew on that annual cycle.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| METROPOLITAN LIFE INSURANCE COMPANY | Life | 601 | Jan 1, 2026 | $302,142 | $21,553 |
| WELLMARK BLUE CROSS AND BLUE SHIELD OF SOUTH DAKOTA | Health, Stop-loss | 601 | Jan 1, 2026 | $10,452,717 | $0 |
| DELTA DENTAL | Dental | 601 | Jan 1, 2026 | $907,335 | $0 |
Premium and claims on these contracts
WELLMARK BLUE CROSS AND BLUE SHIELD OF SOUTH DAKOTA, contract 931. For the contract year on this filing, the carrier reported $10,452,717 in premium earned and $8,055,202 in claims incurred. Dividing one by the other gives 77%.
DELTA DENTAL, contract 7021. For the contract year on this filing, the carrier reported $907,335 in premium earned and $877,712 in claims incurred. Dividing one by the other gives 97%.
- WELLMARK BLUE CROSS AND BLUE SHIELD OF SOUTH DAKOTA, contract 931 reported $2,397,515 in retention.
- DELTA DENTAL, contract 7021 reported $29,623 in retention.
Retention is what the carrier kept of the premium after claims, as reported: administration, commissions and other charges.
Only experience-rated contracts report these figures, so most filings leave them blank.
Covered = persons covered at policy year end, as filed on Schedule A for that policy — often certificates or one class, not the whole plan. Premium = the filing’s own premium/charges figure; “—” means not credibly reported.
Administrator and service providers
The plan administrator is from line 3a of the main form. We publish company names only.
Other plans filed by this employer
How this plan compares
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Renewal calendar
291 other employer plans in South Dakota are January 1 renewals (policy year ends December).
Their policy years end in December, like this plan’s, so most renew January 1. The calendar lists every insured group by renewal date and state, with broker of record, carrier and disclosed commission. You can preview the five largest in each month for free.
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