401k Plan data: SOURCEGAS RETIREMENT PLAN plan

SOURCEGAS RETIREMENT PLAN 401k Plan overview

Plan Name	SOURCEGAS RETIREMENT PLAN
Plan identification number	009

SOURCEGAS RETIREMENT PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).

401k Sponsoring company profile

BLACK HILLS CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: BLACK HILLS CORPORATION

Employer identification number (EIN): 460458824

NAIC Classification: 221500

Additional information about BLACK HILLS CORPORATION

Jurisdiction of Incorporation: California Department of State

Incorporation Date: 1980-08-06

Company Identification Number: C0994582

Legal Registered Office Address: 1570 Brookhollow Dr Rm 120

Santa Ana
United States of America (USA)
92702

More information about BLACK HILLS CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOURCEGAS RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
009 2016-01-01 RICHARD W. KINZLEY
009 2015-01-01 RICHARD W. KINZLEY RICHARD W. KINZLEY 2016-12-19

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
009	2016-01-01	RICHARD W. KINZLEY
009	2015-01-01	RICHARD W. KINZLEY		RICHARD W. KINZLEY	2016-12-19

Plan Statistics for SOURCEGAS RETIREMENT PLAN

401k plan membership statisitcs for SOURCEGAS RETIREMENT PLAN

Measure Date Value
2016: SOURCEGAS RETIREMENT PLAN 2016 401k membership
Market value of plan assets 2016-12-31 61,871,436
Acturial value of plan assets 2016-12-31 61,871,436
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 9,720,206
Number of terminated vested participants 2016-12-31 50
Fundng target for terminated vested participants 2016-12-31 2,104,013
Active participant vested funding target 2016-12-31 45,838,503
Number of active participants 2016-12-31 326
Total funding liabilities for active participants 2016-12-31 46,603,490
Total participant count 2016-12-31 474
Total funding target for all participants 2016-12-31 58,427,709
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 5,227,492
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 5,227,492
Present value of excess contributions 2016-12-31 4,965,107
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 5,275,923
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 765,000
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 4,396,626
Total employer contributions 2016-12-31 3,780,000
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 3,437,736
Liquidity shortfalls end of Q1 2016-12-31 0
Liquidity shortfalls end of Q2 2016-12-31 0
Liquidity shortfalls end of Q3 2016-12-31 0
Liquidity shortfalls end of Q4 2016-12-31 0
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 2,954,906
Net shortfall amortization installment of oustanding balance 2016-12-31 952,899
Waiver amortization installment 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 3,155,779
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 3,103,128
Additional cash requirement 2016-12-31 52,651
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 3,437,736
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0
Total participants, beginning-of-year 2016-01-01 474
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 0
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 0
Total of all active and inactive participants 2016-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: SOURCEGAS RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 481
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 326
Number of retired or separated participants receiving benefits 2015-01-01 97
Number of other retired or separated participants entitled to future benefits 2015-01-01 50
Total of all active and inactive participants 2015-01-01 473
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 1
Total participants 2015-01-01 474
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0

Measure	Date	Value
2016: SOURCEGAS RETIREMENT PLAN 2016 401k membership
Market value of plan assets	2016-12-31	61,871,436
Acturial value of plan assets	2016-12-31	61,871,436
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	9,720,206
Number of terminated vested participants	2016-12-31	50
Fundng target for terminated vested participants	2016-12-31	2,104,013
Active participant vested funding target	2016-12-31	45,838,503
Number of active participants	2016-12-31	326
Total funding liabilities for active participants	2016-12-31	46,603,490
Total participant count	2016-12-31	474
Total funding target for all participants	2016-12-31	58,427,709
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	5,227,492
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	5,227,492
Present value of excess contributions	2016-12-31	4,965,107
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	5,275,923
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	765,000
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	4,396,626
Total employer contributions	2016-12-31	3,780,000
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	3,437,736
Liquidity shortfalls end of Q1	2016-12-31	0
Liquidity shortfalls end of Q2	2016-12-31	0
Liquidity shortfalls end of Q3	2016-12-31	0
Liquidity shortfalls end of Q4	2016-12-31	0
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	2,954,906
Net shortfall amortization installment of oustanding balance	2016-12-31	952,899
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	3,155,779
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	3,103,128
Additional cash requirement	2016-12-31	52,651
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	3,437,736
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0
Total participants, beginning-of-year	2016-01-01	474
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	0
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	0
Total of all active and inactive participants	2016-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: SOURCEGAS RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	481
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	326
Number of retired or separated participants receiving benefits	2015-01-01	97
Number of other retired or separated participants entitled to future benefits	2015-01-01	50
Total of all active and inactive participants	2015-01-01	473
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	1
Total participants	2015-01-01	474
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0

Financial Data on SOURCEGAS RETIREMENT PLAN

Measure	Date	Value
2016 : SOURCEGAS RETIREMENT PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets	2016-12-31	$0
Total transfer of assets from this plan	2016-12-31	$56,998,631
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$0
Total income from all sources (including contributions)	2016-12-31	$2,234,923
Total loss/gain on sale of assets	2016-12-31	$0
Total of all expenses incurred	2016-12-31	$7,272,299
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$7,247,280
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$0
Value of total assets at end of year	2016-12-31	$0
Value of total assets at beginning of year	2016-12-31	$62,036,007
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$25,019
Total interest from all sources	2016-12-31	$2,672
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$395,929
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2016-12-31	$395,929
Administrative expenses professional fees incurred	2016-12-31	$25,019
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$10,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Value of other receiveables (less allowance for doubtful accounts) at end of year	2016-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2016-12-31	$300
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Value of net income/loss	2016-12-31	$-5,037,376
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$0
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$62,036,007
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2016-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2016-12-31	$54,738,426
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2016-12-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2016-12-31	$2,322,281
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2016-12-31	$2,322,281
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2016-12-31	$2,672
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2016-12-31	$850,943
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	No
Was there a failure to transmit to the plan any participant contributions	2016-12-31	No
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Contributions received in cash from employer	2016-12-31	$0
Employer contributions (assets) at end of year	2016-12-31	$0
Employer contributions (assets) at beginning of year	2016-12-31	$4,975,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$7,247,280
Did the plan have assets held for investment	2016-12-31	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2016-12-31	Disclaimer
Accountancy firm name	2016-12-31	DELOITTE AND TOUCHE LLP
Accountancy firm EIN	2016-12-31	133891517
2015 : SOURCEGAS RETIREMENT PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets	2015-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$0
Total income from all sources (including contributions)	2015-12-31	$8,151,019
Total loss/gain on sale of assets	2015-12-31	$0
Total of all expenses incurred	2015-12-31	$2,423,601
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$2,386,002
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$8,875,000
Value of total assets at end of year	2015-12-31	$62,036,007
Value of total assets at beginning of year	2015-12-31	$56,308,589
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$37,599
Total interest from all sources	2015-12-31	$734
Total dividends received (eg from common stock, registered investment company shares)	2015-12-31	$845,337
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2015-12-31	$845,337
Administrative expenses professional fees incurred	2015-12-31	$37,599
Was this plan covered by a fidelity bond	2015-12-31	Yes
Value of fidelity bond cover	2015-12-31	$5,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2015-12-31	No
Value of other receiveables (less allowance for doubtful accounts) at end of year	2015-12-31	$300
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2015-12-31	$2
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Value of net income/loss	2015-12-31	$5,727,418
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$62,036,007
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$56,308,589
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-12-31	No
Were any leases to which the plan was party in default or uncollectible	2015-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2015-12-31	$54,738,426
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2015-12-31	$55,584,733
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2015-12-31	$2,322,281
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2015-12-31	$723,854
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2015-12-31	$723,854
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2015-12-31	$734
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2015-12-31	$-1,570,052
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2015-12-31	No
Has the plan failed to provide any benefit when due under the plan	2015-12-31	No
Contributions received in cash from employer	2015-12-31	$8,875,000
Employer contributions (assets) at end of year	2015-12-31	$4,975,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$2,386,002
Did the plan have assets held for investment	2015-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-12-31	No
Aggregate proceeds on sale of assets	2015-12-31	$14,819,242
Aggregate carrying amount (costs) on sale of assets	2015-12-31	$14,819,242
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2015-12-31	Disclaimer
Accountancy firm name	2015-12-31	KPMG, LLP
Accountancy firm EIN	2015-12-31	135565207

Form 5500 Responses for SOURCEGAS RETIREMENT PLAN

2016: SOURCEGAS RETIREMENT PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	Yes
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: SOURCEGAS RETIREMENT PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	Yes
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	BLACK HILLS CORPORATION
Employer identification number (EIN):	460458824
NAIC Classification:	221500

Jurisdiction of Incorporation:	California Department of State
Incorporation Date:	1980-08-06
Company Identification Number:	C0994582
Legal Registered Office Address:	1570 Brookhollow Dr Rm 120 Santa Ana United States of America (USA) 92702