401(k) · DOL Form 5500 · 2023

Black Hills Corporation 401(k) Plan

Data updated 2026-08-25

$727M
Total assets Above avg plan size
2,972
Participants Above avg headcount
98th
Percentile by assets National rank
$244,605
Avg per participant Above avg balance/head
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Official DOL plan name: Black Hills Corporation 401(k) Retirement Savings Plan · Sponsored by Black Hills Corporation · South Dakota · Utilities

$727M in assets, 2,972 participants

Black Hills Corporation's Black Hills Corporation 401(k) Retirement Savings Plan reported $727M in total assets and 2,972 participants in its 2023 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.

  • #616 in Utilities (721 peers)

Coverage in South Dakota

Black Hills Corporation 401(k) Retirement Savings Plan covers 2,972 participants in South Dakota, 8.8x the typical South Dakota plan (state average ~340 per filing). Assets: $727M.

#616
in Utilities (721 peers)
+18.2%
assets growth YoY
7.3×
vs typical plan assets (national mean)

Black Hills Corporation 401(k) Retirement Savings Plan's outsized position by total assets

Black Hills Corporation 401(k) Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$726,965,765 Top 2% higher than 98% of 127,068 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 2023

Black Hills Corporation 401(k) Retirement Savings Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Black Hills Corporation 401(k) Retirement Savings Plan lands in the large band (2,972 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Black Hills Corporation 401(k) Retirement Savings Plan reported net income rose from -$110M in the plan year 2022 filing to $112M in the plan year 2023 filing.
  • Black Hills Corporation 401(k) Retirement Savings Plan end-of-year assets rose from $615M in the plan year 2022 filing to $727M in the plan year 2023 filing.
  • Black Hills Corporation 401(k) Retirement Savings Plan reported participants rose from 2,873 in the plan year 2022 filing to 2,972 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 460458824 · Black Hills Corporation PY 2023 · 401(k)

Black Hills Corporation 401(k) Retirement Savings Plan · $727M · 2,972 · 98th

  • PCT $727M
  • PCT 2,972
  • PCT 98th
  • PCT 401(k)
  • PCT near Hilltop Holdings Inc. 401(k) Plan
  • PCT ind #616

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 Corporation 401(k) Retirement Savings Plan in the asset neighbourhood

Arkansas Blue Cross and Blue Shield 401(k) Savings and Plus PlanArkansas Blue Cross and Blue…$729MBlack Hills Corporation 401(k) Retirement Savings PlanBlack Hills Corporation 401(…$727MHilltop Holdings Inc. 401(k) PlanHilltop Holdings Inc. 401(k)…$727MChildrens Hospital Los Angeles Employees' 401(k) PlanChildrens Hospital Los Angel…$726MCbera Plan a$725M
End-of-year total assets ($M) among Black Hills Corporation 401(k) Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

South Dakota filing particulars

Total Assets (Beginning of Year)$615M
Net Assets (End of Year)$727M
Net Income$112M
Employer EIN460458824
Plan Effective Date1982-07-01
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 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 Scatter plot of 6 data points. 050001000015000 0200400600800 Total assets ($M) Participants Black Hills Corporation 401(k) Retirement Savings Plan, Total assets ($M): 726.965765 · Participants: 2972Black Hills Corporation 401(k) Retirement Savings PlanGood Samaritan Society 401(k) Plan, Total assets ($M): 254.213431 · Participants: 12894Good Samaritan Society 401(k) PlanDaktronics, Inc. 401(k) Plan, Total assets ($M): 235.476974 · Participants: 2254Daktronics, Inc. 401(k) PlanPoet 401(k) Plan, Total assets ($M): 219.059384 · Participants: 2254Poet 401(k) PlanPremier 401(k) Plan, Total assets ($M): 215.996195 · Participants: 1913Premier 401(k) PlanPathward, National Association 401(k) Plan, Total assets ($M): 150.914631 · Participants: 1195Pathward, National Association 401(k) Plan
Black Hills Corporation 401(k) Retirement Savings Plan vs. nearby 401(k) plans in South Dakota, assets vs. participants
Compare Black Hills Corporation 401(k) Retirement Savings Plan side-by-side with 3 peers →

Black Hills Corporation 401(k) Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside South Dakota, the nearest 401(k) by assets is Hilltop Holdings Inc. 401(k) Plan in TX ($727M); by covered participants it is Avnet 401(k) Plan in AZ (2,972 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($727M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,972 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Black Hills Corporation 401(k) Retirement Savings Plan assets move in 2023? ▼
Black Hills Corporation 401(k) Retirement Savings Plan grew sharply - up 18.2% during 2023, from $615M to $727M. Reported net income was $112M.
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 Corporation 401(k) Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Black Hills Corporation 401(k) Retirement Savings Plan ranks in the 98th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Black Hills Corporation 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Hilltop Holdings Inc. 401(k) Plan in TX ($727M, 4,219 participants).
Which 401(k) plans cover a similar participant headcount to Black Hills Corporation 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Avnet 401(k) Plan in AZ (2,972 participants, $609M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.