State Data » South Dakota » Sioux Falls ERS » Sioux Falls ERS

Sioux Falls ERS Basics

  • Established 1957
  • Currently closed to new hires
  • Plan covers local employees
  • Plan members covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, Sioux Falls ERS, 2001-2019

Fiscal Year Net Assets (billions)
2001 0.2
2002 0.1
2003 0.2
2004 0.2
2005 0.2
2006 0.2
2007 0.3
2008 0.2
2009 0.2
2010 0.2
2011 0.3
2012 0.3
2013 0.3
2014 0.4
2015 0.4
2016 0.4
2017 0.5
2018 0.4
2019 0.5

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2019

Fiscal Year Sioux Falls ERS US State and Local Pensions
2001 2.1 2.5
2002 2.2 2.4
2003 2.2 2.4
2004 2.2 2.3
2005 2.1 2.2
2006 2.1 2.1
2007 2.1 2.1
2008 2.1 2.1
2009 2.1 2.0
2010 2.0 1.9
2011 1.9 1.8
2012 1.8 1.7
2013 1.8 1.6
2014 1.4 1.5
2015 1.3 1.5
2016 1.2 1.4
2017 1.0 1.3
2018 0.9 1.3
2019 0.8 1.3

Source: Public Plans Database

National data averages are weighted by plan size.

Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Sioux Falls ERS, 2001-2019

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll {role:annotation}
2001 8.9 0.0 5.0 8.9 8.9
2002 8.7 0.0 4.8 8.7 8.7
2003 8.6 0.0 5.7 8.6 8.6
2004 9.6 0.0 7.3 9.6 9.6
2005 10.2 0.0 9.0 10.2 10.2
2006 11.1 0.0 9.3 11.1 11.1
2007 11.6 0.0 10.0 11.6 11.6
2008 10.6 0.0 10.4 10.6 10.6
2009 10.2 0.0 10.2 10.2 10.2
2010 13.0 0.0 10.5 13.0 13.0
2011 15.3 1.5 12.5 16.9 16.9
2012 15.2 0.5 12.9 15.7 15.7
2013 14.6 0.0 13.9 14.6 14.6
2014 22.5 0.0 14.5 22.5 22.5
2015 23.2 0.0 14.9 23.1 23.1
2016 23.4 0.0 14.8 23.4 23.4
2017 25.1 0.0 15.1 25.1 25.1
2018 25.1 0.0 18.1 23.9 23.9
2019 23.9 0.0 18.8 23.4 23.4

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Sioux Falls ERS, 2001-2019

Fiscal Year Sioux Falls ERS National Data
2001 98.3 106.5
2002 95.6 101.1
2003 95.1 94.2
2004 93.3 93.1
2005 92.5 91.1
2006 95.8 90.5
2007 96.7 91.2
2008 92.6 90.2
2009 87.7 83.2
2010 89.5 81.5
2011 87.4 80.4
2012 81.3 78.9
2013 83.4 78.7
2014 84.2 79.0
2015 84.3 78.2
2016 87.2 76.3
2017 102.3 76.4
2018 101.4 76.5
2019 99.0 76.1

Source: Public Plans Database

National data averages are weighted by plan size and reflects the average for plans of similar type and Social Security coverage.

Investments

Asset Allocation for Sioux Falls ERS, 2019

Category Percent
Equities 68.6
Fixed Income 24.5
Private Equity 0.0
Real Estate 6.9
Cash 0.0
Other 0.0
Commodities 0.0
Hedge Fund 0.0
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.2
Fixed Income 22.9
Private Equity 9.0
Real Estate 9.0
Cash 1.8
Other 0.0
Commodities 1.9
Hedge Fund 6.7
Misc. Alternatives 1.5

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Sioux Falls ERS, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 null null null null null null null null null
2002 null null null null null null null null null
2003 null null null null null null null null null
2004 null null null null null null null null null
2005 null null null null null null null null null
2006 null null null null null null null null null
2007 null null null null null null null null null
2008 null null null null null null null null null
2009 null null null null null null null null null
2010 null null null null null null null null null
2011 null null null null null null null null null
2012 null null null null null null null null null
2013 null null null null null null null null null
2014 null null null null null null null null null
2015 null null null null null null null null null
2016 null null null null null null null null null
2017 70.7 22.1 0.0 6.3 0.9 0.0 0.0 0.0 0.0
2018 65.5 25.4 0.0 7.7 1.4 0.0 0.0 0.0 0.0
2019 68.6 24.5 0.0 6.9 0.0 0.0 0.0 0.0 0.0

Source: Public Plans Database


Annual Return as of December 31 for Sioux Falls ERS, 2001-2019

Fiscal Year Sioux Falls ERS Assumed return
2001 -1.08 8.00
2002 -9.85 8.00
2003 26.38 8.00
2004 14.29 8.00
2005 8.58 8.00
2006 15.54 8.00
2007 8.05 8.00
2008 -27.59 7.75
2009 18.36 7.75
2010 14.08 7.75
2011 1.92 7.75
2012 14.83 7.75
2013 20.16 7.65
2014 6.90 7.65
2015 -0.20 7.50
2016 8.42 7.50
2017 16.68 7.30
2018 -4.30 7.30
2019 20.11 7.30

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Sioux Falls ERS
2001-2019

Fiscal Year Cash Flow Assets
2001 -1.9 154.6
2002 -1.9 137.5
2003 -1.6 172.0
2004 -1.2 195.2
2005 -1.3 210.6
2006 -1.8 241.4
2007 -0.5 260.4
2008 -1.4 187.3
2009 -3.0 218.5
2010 -2.7 249.0
2011 -2.4 251.4
2012 -3.2 285.2
2013 0.2 343.0
2014 -2.9 364.5
2015 -3.9 360.6
2016 -5.4 385.5
2017 -6.4 469.4
2018 -8.4 441.2
2019 -11.5 517.5

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Sioux Falls ERS
2001-2019

Fiscal Year Sioux Falls ERS National Average
2001 -1.2 -2.0
2002 -1.4 -2.7
2003 -0.9 -2.2
2004 -0.6 -1.6
2005 -0.6 -2.0
2006 -0.7 -1.9
2007 -0.2 -2.0
2008 -0.8 -3.0
2009 -1.4 -2.6
2010 -1.1 -2.4
2011 -1.0 -2.7
2012 -1.1 -2.6
2013 0.1 -2.3
2014 -0.8 -2.3
2015 -1.1 -2.7
2016 -1.4 -2.2
2017 -1.4 -2.7
2018 -1.9 -3.0
2019 -2.2 -3.0

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports