Black Hills Corporationbenefits
Group Insurance Plan for the Employees of Black Hills Corporation · RAPID CITY, SD · plan year 2025
Black Hills Corporation's benefits plans covered 2,785 active participants in 2025, providing life · long-term disability · death benefits · other. Insurance premiums totaled $51,537,037. Insurance brokers and agents were paid $288,346 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.6% of premiums. That is $104 per covered person, below the median for employer plans that report broker pay. Broker pay rose 34% from $214,506 in 2024.
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 460458824 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.