Plan Snapshot
- Plan Sponsor: Black Hills Corporation
- Sponsor EIN: 460458824
- Sponsor Address: PO BOX 1400, RAPID CITY, SD, 57709
- Plan Type: 401(k)
- Total Participants: 2,830
- Total Assets: $811.2M
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. |
|---|---|---|---|---|
| 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 | Recordkeeper | $124,103 | — | $124,103 |
| AVANTAX PLANNING PARTNERS INC | Investment Advisor | $16,930 | — | $16,930 |
| THOMPSON HINE LLP | ERISA Attorney | $14,362 | — | $14,362 |
| CHARLES SCHWAB & CO., INC | Recordkeeper | $11,291 | — | $11,291 |
| OPTIMA CAPITAL MANAGEMENT LLC | Other Service Provider | $8,594 | — | $8,594 |
| FINANCIAL ENGINES ADVISORS LLC | Other Service Provider | $5,025 | — | $5,025 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES INC — Recordkeeper
- AVANTAX PLANNING PARTNERS INC — Investment Advisor
- THOMPSON HINE LLP — ERISA Attorney
- CHARLES SCHWAB & CO., INC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $180,305
- Estimated Expense Ratio: 0.022% 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 |
|---|---|---|---|---|---|
| 2024 | $149,200 | $113,013 | — | — | — |
| 2023 | $97,643 | $72,593 | — | — | — |
| 2022 | $80,388 | $24,483 | — | — | — |