Medium Transport
Flight Crew Air Transport Pilot (ATP)
Situational Awareness; Confusion; Troubleshooting
Deviation - Altitude Excursion From Assigned Altitude; Deviation / Discrepancy - Procedural Clearance; Inflight Event / Encounter CFTT / CFIT
Air Traffic Control Provided Assistance; Flight Crew Took Evasive Action
Airport; Environment - Non Weather Related
We were descending below 5000 feet setting up for the RNAV 15 approach into FSD from the east when the EGPWS sounded. We responded to the alert by climbing. Once the alert stopped; we leveled the plane. As we leveled; we exceeded 250 knots below 10;000 feet. We corrected right away and alerted ATC to the alarm. We then continued the approach with no other events.We received an EGPWS warning setting up for RNAV 15 into FSD. In our response to the warning; we exceeded 250 knots. We believe that the warning was in error. ATC said we were above the safe altitude for that segment.When in the simulator if we practiced low density altitude and light weight EGPWS responses we may have responded quick enough to avoid the over speed.
[Report narrative contained no additional information.]
Air Carrier flight crew reported that a low altitude warning activated during the approach into FSD. Crew took evasive action and landed without incident.