Plan Snapshot
- Plan Sponsor: Black Hills Regional Eye
- Sponsor EIN: 460461540
- Sponsor Address: 2800 THIRD STREET, RAPID CITY, SD, 57701
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 153
- Total Assets: $18.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- 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 | 153 | $18.7M | $0 | $0 |
| 2024 | 113 | $17.4M | $690,723 | $456,115 |
| 2023 | 117 | $16.2M | $742,787 | $469,290 |
| 2022 | 122 | $13.5M | $546,828 | $378,581 |
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 |
|---|---|---|---|---|
| SIKICH CAPITAL MANAGEMENT | Other Service Provider | $35,816 | — | $35,816 |
| STANCORP FINANCIAL GROUP | Other Service Provider | $17,660 | — | $17,660 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,476
- Estimated Expense Ratio: 0.286% 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 | $2,106,789 | — | $40,632 | — | — |
| 2024 | $38,945 | — | $38,945 | — | — |
| 2023 | $33,782 | — | $3,031 | — | — |
| 2022 | $32,611 | $29,832 | $2,779 | — | — |