Black Hills Federal Credit Union 401(K) Plan — Form 5500 plan (Black Hills Federal Credit Union)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Black Hills Federal Credit Union 401(K) Plan is a benefit plan reported by Black Hills Federal Credit Union under EIN 46-0235529 and plan number 003. The latest loaded filing year is 2023. The filing reports 444 participants and $56,308,433 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Black Hills Federal Credit Union
- EIN
- 46-0235529
- Plan number
- 003
- Plan type
- 2
- Location
- Rapid City, SD
- Latest filing year
- 2023
- Participants
- 444
- End-of-year plan assets
- $56,308,433
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 444 | H, C | 20241002095417NAL0004701715001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $56,308,433
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $56,308,433
- Net assets (BOY)
- $48,419,729
Income & contributions
- Employer contributions
- $2,253,413
- Participant contributions
- $2,392,139
- Total contributions
- $5,110,185
- Total income / additions
- $13,622,202
Expenses & distributions
- Benefits paid
- $5,670,001
- Administrative expenses
- $63,497
- Total expenses
- $5,733,498
- Net increase / (decrease)
- $7,888,704
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $63,496 | $0 | 2023 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |