Black Hills Corporation Retiree Healthcare Plan — Form 5500 plan (Black Hills Corporation)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Black Hills Corporation Retiree Healthcare Plan is a benefit plan reported by Black Hills Corporation under EIN 46-0458824 and plan number 509. The latest loaded filing year is 2023. The filing reports 1,049 participants and $7,975,200 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$7.2MPlan net assets, end of year$7,189,243
Participants1KCovered participants reported1,049
Assets / participant$7.6KComputed: assets ÷ participants$7,603 (computed)
Provider compensation$44.8K2 Schedule C provider row(s)$44,840
Plan sponsor
Black Hills Corporation
EIN
46-0458824
Plan number
509
Plan type
2
Location
Rapid City, SD
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,049H, C20240930162537NAL0009811600001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$8M total assets
Net assets$7.2MLiabilities$786K
Money in vs. money out
Total income / additions$5.7M
Total expenses$5.5M
Benefits paid / distributions$5.3M
Contributions
Employer$4.2M
Participant$1M
Full reported line items

Net assets

Total assets (EOY)
$7,975,200
Total liabilities (EOY)
$785,957
Net assets (EOY)
$7,189,243
Net assets (BOY)
$7,063,402

Income & contributions

Employer contributions
$4,228,478
Participant contributions
$1,043,157
Total contributions
$5,271,635
Total income / additions
$5,667,109

Expenses & distributions

Benefits paid
$5,336,671
Administrative expenses
$204,597
Total expenses
$5,541,268
Net increase / (decrease)
$125,841
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 80%Participant 20%
Total expenses ÷ net assets77%Computed ratio
Benefits paid ÷ total income94%Computed ratio
Provider comp. ÷ net assets1%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Aon Consulting, Inc.NONE$35,070not reported in the loaded dataset2023
Eide Bailly LlpNONE$9,770not reported in the loaded dataset2023

Related Form 5500 pages