401(k) · DOL Form 5500 · 2022
Black Hills Corporation 401(k) Plan
Data updated 2026-08-06
- $615M
- Total assets
- 2,873
- Participants
- 98th
- Percentile by assets
- $214,153
- Avg per participant
Official DOL plan name: Black Hills Corporation 401(k) Retirement Savings Plan · Sponsored by Black Hills Corporation · South Dakota · Utilities
$615M in assets, 2,873 participants
Black Hills Corporation's Black Hills Corporation 401(k) Retirement Savings Plan reported $615M in total assets and 2,873 participants in its 2022 DOL Form 5500 filing, ranking in the 98th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 98th percentile by assets (of 139,258 plans)
- #632 in Utilities (739 peers)
Coverage in South Dakota
Black Hills Corporation 401(k) Retirement Savings Plan covers 2,873 participants in South Dakota, 8.3x the typical South Dakota plan (state average ~346 per filing). Assets: $615M.
- $615M
- total plan assets (2022 EOY)
- 2,873
- covered participants
- 98th
- percentile by assets (of 139,258 plans)
- $214,153
- avg assets per participant
The plan reported a net loss of $110M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs South Dakota filers
In South Dakota, the average filing covers about 346 participants across 303 plans. Black Hills Corporation 401(k) Retirement Savings Plan reports 2,873 participants - 8.3x that state average ($615M EOY assets).
South Dakota filing particulars
| Total Assets (Beginning of Year) | $725M |
|---|---|
| Net Assets (End of Year) | $615M |
| Net Income | -$110M |
| Employer EIN | 460458824 |
| Plan Effective Date | 1982-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Black Hills Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 3,730 | $938M |
| 2023 | 2 | 3,748 | $1.0B |
| 2024 | 2 | 3,573 | $1.1B |
Nearby 401(k) Plans in South Dakota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Black Hills Corporation 401(k) Retirement Savings Plan vs. nearby 401(k) plans in South Dakota, assets vs. participants
- Good Samaritan Society 401(k) Plan $212M · 13,988
- Daktronics, Inc. 401(k) Plan $189M · 2,033
- Premier 401(k) Plan $184M · 1,883
- Poet Biorefining 401(k) Plan $172M · 2,022
- Amesbury Group, Inc. Retirement Savings Plan $116M · 1,284
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Black Hills Corporation 401(k) Retirement Savings Plan by total assets, not by location.
- Uhhs 401(k) Retirement Savings Plan (OH) $615M · 4,234
- Bose Employees' Retirement Savings 401(k) Plan (MA) $615M · 2,234
- Dematic Corp. 401(k) Retirement Plan (MI) $615M · 4,097
- Rich's 401(k) Plan (NY) $614M · 5,573
Frequently Asked Questions
How did Black Hills Corporation 401(k) Retirement Savings Plan assets move in 2022? ▼
How have Black Hills Corporation plan assets changed over time? ▼
Where does Black Hills Corporation 401(k) Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Black Hills Corporation 401(k) Retirement Savings Plan? ▼
Next read for Black Hills Corporation 401(k) Retiremen…
Filing takeaways
Ways to act on Black Hills Corporation 401(k) Retirement Savings Plan's numbers.
- By total assets, Black Hills Corporation 401(k) Retirement Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in South Dakota. Compare plans
- Black Hills Corporation's sponsor-wide assets have grown 15.4% since 2022 across 3 plan years on file. More Utilities plans