Defined Benefit (Pension) · DOL Form 5500 · 2024

Black Hills Corporation Pension Plan

Data updated 2026-08-25

$272M
Total assets Near avg plan size
692
Participants Below avg headcount
95th
Percentile by assets National rank
$393,109
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

$272M in assets, 692 participants

Black Hills Corporation's Black Hills Retirement Plan reported $272M in total assets and 692 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.

  • #543 in Utilities (732 peers)

Coverage in South Dakota

Black Hills Retirement Plan covers 692 participants in South Dakota, 2.0x the typical South Dakota plan (state average ~340 per filing). Assets: $272M.

#543
in Utilities (732 peers)
-12.5%
assets change YoY
2.7×
vs typical plan assets (national mean)

The plan reported a net loss of $39M 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 2024 · DOL Form 5500

$272,031,097 Top 5% higher than 95% of 123,620 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 2024

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

Plan-year 2024 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 (692 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Black Hills Retirement Plan reported net income fell from -$12M in the plan year 2023 filing to -$39M in the plan year 2024 filing.
  • Black Hills Retirement Plan end-of-year assets fell from $311M in the plan year 2023 filing to $272M in the plan year 2024 filing.
  • Black Hills Retirement Plan reported participants fell from 776 in the plan year 2023 filing to 692 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 460458824 · Black Hills Corporation PY 2024 · Defined Benefit (Pension)

Black Hills Retirement Plan · $272M · 692 · 95th

  • TYPE $272M
  • NET 692
  • BOOK 95th
  • VS-ST Defined Benefit (Pension)
  • BOY near Pension Plan of the Iuoe Local 137 137a 137b 137c 137r, AFL-CIO
  • SCH ind #543

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

Stmicroelectronics, Inc. Retirement PlanStmicroelectronics, Inc. Ret…$273MWest Mi Plumbers Fitters & Service Trades Local Union No 174 Pension PlanWest Mi Plumbers Fitters & S…$272MBlack Hills Retirement Plan$272MPension Plan of the Iuoe Local 137 137a 137b 137c 137r, AFL-CIOPension Plan of the Iuoe Loc…$272MIBEW Local 43 & Electrical Contractors Pension FundIBEW Local 43 & Electrical C…$271M
End-of-year total assets ($M) among Black Hills Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

South Dakota filing particulars

Total Assets (Beginning of Year)$311M
Net Assets (End of Year)$272M
Net Income-$39M
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 4 data points. -10000100020003000 -1000100200300 Total assets ($M) Participants Black Hills Retirement Plan, Total assets ($M): 272.031097 · Participants: 692Black Hills Retirement PlanMonument Health, Inc. Pension Plan, Total assets ($M): 104.72819 · Participants: 2726Monument Health, Inc. Pension PlanGcc Dacotah, Inc. Defined Benefit Pension Plan, Total assets ($M): 26.346118 · Participants: 34Gcc Dacotah, Inc. Defined Benefit Pension PlanBakers Local No 433 Pension Plan, Total assets ($M): 4.944818 · Participants: 0Bakers Local No 433 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 Pension Plan of the Iuoe Local 137 137a 137b 137c 137r, AFL-CIO in NY ($272M); by covered participants it is Gwinnett Hospital System, Inc. Retirement Plan in GA (692 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (692 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Black Hills Retirement Plan pulled back noticeably - down 12.5% during 2024, from $311M to $272M. Reported net income was -$39M.
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 95th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Pension Plan of the Iuoe Local 137 137a 137b 137c 137r, AFL-CIO in NY ($272M, 599 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 Gwinnett Hospital System, Inc. Retirement Plan in GA (692 participants, $217M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.