Plan Ledger DOL Form 5500 · updated monthly

Black Hills Surgical Hospital, LLP401(k)

BLACK HILLS SURGICAL HOSPITAL 401(K) AND PROFIT SHARING PLAN · RAPID CITY, SD · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Black Hills Surgical Hospital, LLP reported $122,786 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $2,327 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 0.25%. 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 41st-largest of 233 plans among South Dakota employers on file, and the 1,848th of 11,911 in health care & social assistance. In 2024, employees put in $2.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$50,986,991
Participants with balances596
Active participants463
Employer contributions$1,077,286
Employee contributions$2,354,863
Employer contribution per active participant$2,327
Average account balance$85,549
Benefits paid to participants$7,450,605
Plan auditUnmodified (clean) audit opinion
AuditorKETEL THORSTENSON, LLP
Plan history4
Yearassets · accounts · employer contribution
2025$0
2024$51.0M · 596 accts · $1.1M emplr
2023$47.9M · 606 accts · $829K emplr
2022$40.7M · 598 accts · $649K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$122,786
Total administrative$122,786
The Black Hills Surgical Hospital, LLP 401(k) match · 2024
Employer contribution per active participant$2,327
Median for plans this size$2,416
2024$2,327 per active participant
2023$1,817 per active participant
2022$1,398 per active participant

Black Hills Surgical Hospital, LLP's 2024 employer contribution ran below the $2,416 median for plans its size. 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
RBC CAPITAL MARKETS LLC · Investment advisory (plan)$69,866
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$61,517

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$122,786 · 0.25%
2023$104,163 · 0.24%
2022$105,638 · 0.24%
Same employer
Similar plansHealth Care & Social Assistance · South Dakota
Orthopedic Institute SD$74.0M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460440466 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.