Defined Benefit (Pension) · DOL Form 5500 · 2022

Black Hills Corporation Pension Plan

Data updated 2026-08-25

$323M
Total assets Above avg plan size
857
Participants Near avg headcount
97th
Percentile by assets National rank
$376,985
Avg per participant High balance/head
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Official DOL plan name: Black Hills Retirement Plan · Sponsored by Black Hills Corporation · South Dakota · Utilities

$323M in assets, 857 participants

Black Hills Corporation's Black Hills Retirement Plan reported $323M in total assets and 857 participants in its 2022 DOL Form 5500 filing, ranking in the 97th 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.

  • #580 in Utilities (738 peers)

Coverage in South Dakota

Black Hills Retirement Plan covers 857 participants in South Dakota, 2.5x the typical South Dakota plan (state average ~340 per filing). Assets: $323M.

#580
in Utilities (738 peers)
-29.5%
assets change YoY
3.2×
vs typical plan assets (national mean)

The plan reported a net loss of $135M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Black Hills Retirement Plan's outsized position by total assets

Black Hills Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$323,076,381 Top 3% higher than 97% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Black Hills Retirement Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Black Hills Retirement Plan sits mid-pack in the medium band (857 participants).

DOL schedule card

Filing strip 460458824 · Black Hills Corporation PY 2022 · Defined Benefit (Pension)

Black Hills Retirement Plan · $323M · 857 · 97th

  • RANK $323M
  • RANK 857
  • RANK 97th
  • RANK Defined Benefit (Pension)
  • RANK near Upstate New York Engineers Pension Fund
  • RANK ind #580

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Utilities retirement plans → · Plans in South Dakota →

Black Hills Retirement Plan in the asset neighbourhood

Refrigeration, a/C & Service Div. (Ua-Nj) Pension PlanRefrigeration, a/C & Service…$324MThe Retirement Plan for Lilly Affiliate Employees in Puerto RicoThe Retirement Plan for Lill…$324MUpstate New York Engineers Pension FundUpstate New York Engineers P…$323MBlack Hills Retirement Plan$323MBass Retirement Plan$323M
End-of-year total assets ($M) among Black Hills Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

South Dakota filing particulars

Total Assets (Beginning of Year)$458M
Net Assets (End of Year)$323M
Net Income-$135M
Employer EIN460458824
Plan Effective Date2008-07-14
Filing StatusFILING RECEIVED

Sponsor Plan History (Black Hills Corporation)

Sponsor-wide plan assets over time

All Black Hills Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$1.1B 15.443879787902763% vs 2022
2024 filing year
$0.9B$0.95B$1B$1.05B$1.1B 202220232024 $0.94B $1.08B ▲ +14.9%
Year Plans Participants Total Assets
2022 2 3,730 $938M
2023 2 3,748 $1.0B
2024 2 3,573 $1.1B

Nearby Defined Benefit (Pension) Plans in South Dakota

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Black Hills Retirement Plan vs. nearby Defined Benefit (Pension) plans in South Dakota, assets vs. participants Scatter plot of 6 data points. -100001000200030004000 0100200300400 Total assets ($M) Participants Black Hills Retirement Plan, Total assets ($M): 323.076381 · Participants: 857Black Hills Retirement PlanSanford Health Employees' Pension Plan, Total assets ($M): 283.240612 · Participants: 224Sanford Health Employees' Pension PlanBakers Local No 433 Pension Plan, Total assets ($M): 140.448842 · Participants: 0Bakers Local No 433 Pension PlanMonument Health, Inc. Pension Plan, Total assets ($M): 99.154347 · Participants: 3417Monument Health, Inc. Pension PlanRetirement Plan for Union and Non-Union Employees of Schlegel Systems, Inc., Total assets ($M): 24.907585 · Participants: 0Retirement Plan for Union and Non-Union Employees of Schlegel Systems, Inc.Gcc Dacotah, Inc. Defined Benefit Pension Plan, Total assets ($M): 22.078132 · Participants: 41Gcc Dacotah, Inc. Defined Benefit Pension Plan
Black Hills Retirement Plan vs. nearby Defined Benefit (Pension) plans in South Dakota, assets vs. participants
Compare Black Hills Retirement Plan side-by-side with 3 peers →

Black Hills Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside South Dakota, the nearest Defined Benefit (Pension) by assets is Upstate New York Engineers Pension Fund in NY ($323M); by covered participants it is Local 522 Pension Fund in NY (857 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($323M here).

Similar participant headcount

Nearest other-state filings by covered participants (857 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Black Hills Retirement Plan assets move in 2022? ▼
Black Hills Retirement Plan declined sharply - down 29.5% during 2022, from $458M to $323M. Reported net income was -$135M.
How have Black Hills Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Black Hills Corporation's sponsor-wide assets grew 15.4%, from $938M to $1.1B.
Where does Black Hills Retirement Plan rank by assets among Form 5500 filers? ▼
Black Hills Retirement Plan ranks in the 97th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Black Hills Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Upstate New York Engineers Pension Fund in NY ($323M, 1,945 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Black Hills Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Local 522 Pension Fund in NY (857 participants, $100M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 460458824.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.