Black Hills 401(k) match, vesting and fees
What Black Hills' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Schwab Retirement Plan Services Inc | Schedule C ↗ |
| Independent auditor | Deloitte & Touche, LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 87 defined-contribution plans in utilities with 1,000 to 4,999 participants.
| Black Hills: employer contribution per participant | $7,612 | |
| Peer median | $5,188 |
| Black Hills: average balance | $221,101 | |
| Peer median | $183,243 |
| Black Hills: admin expenses ÷ assets | 0.02% | |
| Peer median | 0.09% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $727M at the end of plan year 2023 to $811M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 3,699 | $811M | $27.9M | $7,612 | 0.02% | Not published | Form 5500 ↗ |
| 2023 | 3,744 | $727M | $29.2M | $7,846 | 0.01% | Not published | Form 5500 ↗ |
Other Black Hills plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Black Hills Retirement Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Deloitte and Touche LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Black Hills match 401(k) contributions?
The match terms for the Black Hills Corporation 401(k) Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $27.9M in employer contributions, about $7,612 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Black Hills 401(k) match vested?
The vesting schedule for the Black Hills Corporation 401(k) Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Black Hills 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Schwab Retirement Plan Services Inc. The plan administrator is Black Hills Corporation.
I left Black Hills. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Black Hills Corporation, (605) 721-1700) or the recordkeeper, Schwab Retirement Plan Services Inc. The Black Hills old 401(k) page lists the contacts from every plan filing. Find an old Black Hills 401(k)
Data from the public Form 5500 annual reports Black Hills filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Black Hills. Not financial advice. Report a correction · Methodology