Plan Snapshot
- Plan Sponsor: Black Hills Works, INC.
- Sponsor EIN: 460341382
- Sponsor Address: PO BOX 2104, RAPID CITY, SD, 57702
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 175
- Total Assets: $511,049
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 | 175 | $511,049 | $56,810 | $0 |
| 2023 | 206 | $532,945 | $88,145 | $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 |
|---|---|---|---|---|
| FRINGE BENEFIT GROUP | Recordkeeper | $24,983 | — | $24,983 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,983
- Estimated Expense Ratio: 4.889% 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 | $24,983 | — | $24,983 | — | — |
| 2023 | $23,524 | — | $23,524 | — | — |