Plan Ledger DOL Form 5500 · updated monthly

Black Hills Orthopedic and Spine Center401(k)

BLACK HILLS ORTHOPEDIC AND SPINE CENTER 401(K) PROFIT SHARING PLAN · RAPID CITY, SD · plan year 2024

Reported admin expense ratio · 2024
0.45%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Black Hills Orthopedic and Spine Center reported $131,410 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $8,715 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.42% to 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 67th-largest of 233 plans among South Dakota employers on file, and the 2,787th of 11,911 in health care & social assistance. In 2024, the employer put in $1.09 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$29,854,177
Participants with balances206
Active participants157
Employer contributions$1,368,292
Employee contributions$1,254,216
Employer contribution per active participant$8,715
Average account balance$144,923
Benefits paid to participants$5,591,353
Plan auditUnmodified (clean) audit opinion
AuditorKETEL THORSTENSON, LLP
Plan history4
Yearassets · accounts · employer contribution
2025$0 · $862K emplr
2024$29.9M · 206 accts · $1.4M emplr
2023$29.1M · 209 accts · $1.2M emplr
2022$26.3M · 202 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$131,410
Total administrative$131,410
The Black Hills Orthopedic and Spine Center 401(k) match · 2024
Employer contribution per active participant$8,715
Median for plans this size$2,416
2024$8,715 per active participant
2023$7,202 per active participant
2022$7,016 per active participant

Black Hills Orthopedic and Spine Center's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
ASCENSUS HOLDINGS, INC DBA FUTUREPL · Contract administrator$58,940
FIRST INTERESTATE WEALTH MGMT$54,834
EMPOWER ADVISORY GROUP, LLC · Investment management$16,625
KETEL THORSTENSON, LLP · Accounting / audit$10,195

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025Not separately reported
2024$131,410 · 0.45%
2023$119,295 · 0.43%
2022$120,343 · 0.42%
Same employer
Similar plansHealth Care & Social Assistance · South Dakota
Mobridge Regional Hospital SD$24.1M · 0.01%
Big Stone Therapies, Inc. SD$23.0M · 0.45%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 460335970 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.