Form 5500 · Employee benefit plan · ABERDEEN, SD
DACOTAH BANKS, INC.
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 · as of Aug 2026
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 medical plan carries stop-loss coverage, which usually signals a self-funded health plan with insured protection against large 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.
DACOTAH INSURANCE is the broker of record on 1 of the 3 contracts; the rest name a different broker or none.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| METROPOLITAN LIFE INSURANCE COMPANY | Life | 601 | December | $302,142 | $21,553 |
| WELLMARK BLUE CROSS AND BLUE SHIELD OF SOUTH DAKOTA | Health, Stop-loss | 601 | December | $10,452,717 | $0 |
| DELTA DENTAL | Dental | 601 | December | $907,335 | $0 |
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