Defined Benefit (Pension) · DOL Form 5500 · 2022
Black Hills Corporation Pension Plan
Data updated 2026-08-11
- $323M
- Total assets
- 857
- Participants
- 97th
- Percentile by assets
- $376,985
- Avg per participant
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.
- 97th percentile by assets (of 139,126 plans)
- #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.
- $323M
- total plan assets (2022 EOY)
- 857
- covered participants
- 97th
- percentile by assets (of 139,126 plans)
- $376,985
- avg assets per participant
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.
Participants vs South Dakota filers
In South Dakota, the average filing covers about 340 participants across 321 plans. Black Hills Retirement Plan reports 857 participants - 2.5x that state average ($323M EOY assets).
South Dakota filing particulars
| Total Assets (Beginning of Year) | $458M |
|---|---|
| Net Assets (End of Year) | $323M |
| Net Income | -$135M |
| Employer EIN | 460458824 |
| Plan Effective Date | 2008-07-14 |
| 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 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
- Sanford Health Employees' Pension Plan $283M · 224
- Bakers Local No 433 Pension Plan $140M · N/A
- Monument Health, Inc. Pension Plan $99M · 3,417
- Retirement Plan for Union and Non-Union Employees of Schlegel Systems, Inc. $25M · N/A
- Gcc Dacotah, Inc. Defined Benefit Pension Plan $22M · 41
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Black Hills Retirement Plan by total assets, not by location.
- Upstate New York Engineers Pension Fund (NY) $323M · 1,945
- Bass Retirement Plan (TX) $323M · 325
- The Retirement Plan for Lilly Affiliate Employees in Puerto Rico (PR) $324M · 1,067
- Refrigeration, a/C & Service Div. (Ua-Nj) Pension Plan (NJ) $324M · 1,677
Frequently Asked Questions
How did Black Hills Retirement Plan assets move in 2022? ▼
How have Black Hills Corporation plan assets changed over time? ▼
Where does Black Hills Retirement Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Black Hills Retirement Plan? ▼
Next read for Black Hills Retirement Plan
Filing takeaways
Ways to act on Black Hills Retirement Plan's numbers.
- By total assets, Black Hills Retirement Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) 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