Plan Snapshot
- Plan Sponsor: Black Hills Corporation
- Sponsor EIN: 460458824
- Sponsor Address: PO BOX 1400, RAPID CITY, SD, 57709
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 3,686
- Total Assets: $933.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 3,686 | $933.7M | $0 | $0 |
| 2024 | 2,830 | $811.2M | $27.9M | $33.3M |
| 2023 | 2,878 | $727.0M | $29.2M | $31.9M |
| 2022 | 2,975 | $615.3M | $27.2M | $30.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES INC | Other Service Provider | $102,454 | — | $102,454 |
| THOMPSON HINE LLP | Other Service Provider | $33,470 | — | $33,470 |
| AVANTAX PLANNING PARTNERS INC | Other Service Provider | $18,999 | — | $18,999 |
| EVERGREEN PRIVATE WEALTH LLC | Other Service Provider | $15,430 | — | $15,430 |
| OPTIMA CAPITAL MANAGEMENT LLC | Other Service Provider | $10,347 | — | $10,347 |
| CHARLES SCHWAB & CO., INC. | Other Service Provider | $10,338 | — | $10,338 |
| FINANCIAL ENGINES ADVISORS LLC | Other Service Provider | $5,866 | — | $5,866 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $196,904
- Estimated Expense Ratio: 0.021% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $80,627,096 | $143,098 | — | — | — |
| 2024 | $149,200 | $113,013 | — | — | — |
| 2023 | $97,643 | $72,593 | — | — | — |
| 2022 | $80,388 | $24,483 | — | — | — |