Plan Snapshot
- Plan Sponsor: Black Hills Corporation
- Sponsor EIN: 460458824
- Sponsor Address: P.O. BOX 1400, RAPID CITY, SD, 57709
- Plan Type: DB
- Total Participants: 626
- Total Assets: $272.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 626 | $272.0M | $1.8M | $0 |
| 2023 | 692 | $310.8M | $2.3M | $0 |
| 2022 | 776 | $323.1M | $0 | $0 |
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 |
|---|---|---|---|---|
| AON CONSULTING | Actuary | $720,752 | — | $720,752 |
| AON INVESTMENTS USA INC | Other Service Provider | $335,970 | — | $335,970 |
| THE NORTHERN TRUST COMPANY | Custodian / Trustee | $56,284 | — | $56,284 |
| DELOITTE & TOUCHE LLP | Auditor | $54,201 | — | $54,201 |
| THOMPSON HINE LLP | ERISA Attorney | $29,015 | — | $29,015 |
| JP MORGAN INVESTMENT MANAGMENT INC | Investment Advisor | $26,219 | — | $26,219 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AON CONSULTING — Actuary
- DELOITTE & TOUCHE LLP — Auditor
- THOMPSON HINE LLP — ERISA Attorney
- JP MORGAN INVESTMENT MANAGMENT INC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,222,441
- Estimated Expense Ratio: 0.449% 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 | $2,654,693 | $362,189 | $3,060 | $54,201 | — |
| 2023 | $2,596,617 | $412,067 | $1,020 | $51,720 | — |
| 2022 | $1,871,798 | $509,713 | $2,040 | — | $576,953 |