Plan Ledger DOL Form 5500 · updated monthly

Black Hills Regional Eye Institute, LLP401(k)

BLACK HILLS REGIONAL EYE INSTITUTE 401(K) PLAN AND TRUST · RAPID CITY, SD · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Black Hills Regional Eye Institute, LLP reported $38,945 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $6,113 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 3 years on file its reported administrative ratio has held roughly steady near 0.23%. 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 101st-largest of 233 plans among South Dakota employers on file, and the 4,081st of 11,911 in health care & social assistance. In 2024, the employer put in $1.51 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$17,360,866
Participants with balances137
Active participants113
Employer contributions$690,723
Employee contributions$456,115
Employer contribution per active participant$6,113
Average account balance$126,722
Benefits paid to participants$2,159,806
Plan auditUnmodified (clean) audit opinion
AuditorKETEL THORSTENSON, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$17.4M · 137 accts · $691K emplr
2023$16.2M · 136 accts · $743K emplr
2022$13.5M · 122 accts · $547K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,945
Total administrative$38,945
The Black Hills Regional Eye Institute, LLP 401(k) match · 2024
Employer contribution per active participant$6,113
Median for plans this size$2,416
2024$6,113 per active participant
2023$6,349 per active participant
2022$4,482 per active participant

Black Hills Regional Eye Institute, LLP'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 · 20242
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$18,873
SIKICH CAPITAL MANAGEMENT · Investment advisory (plan)$33,155

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

Recordkeeper by year2
2024The Standard
2023Securian

This plan has changed recordkeepers within these filings. If you left Black Hills Regional Eye Institute, LLP before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$38,945 · 0.23%
2023$33,782 · 0.23%
2022$32,611 · 0.22%
Similar plansHealth Care & Social Assistance · South Dakota
Vision Care Associates LLP SD$21.5M · 0.24%
Brown Clinic P.L.L.P. SD$19.6M · 0.36%
Horizon Health Care, Inc. SD$19.1M · 0.64%
Platte Health Center SD$14.0M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460461540 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.