Blackhawk Mining, LLC 401(k) Review & Grade
Blackhawk Mining Retirement Savings Plan
Lexington, KYMining, Oil & Gas2,142 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,471Employer $ per active participant
$5,119Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$119.4MNet plan assets, end of year
$49,346Average balance per account
Score breakdown
- Employer generosity18.8 / 5038th percentile for employer $ per participant
- Low cost13.2 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1527th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 53th |
| Employee saving | 27th |
| Peers that auto-enroll | 60% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Blackhawk Mining put in about $3,471 per active participant, below the typical peer ($4,357). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $7,436,771 |
| Participant (employee) contributions | $10,967,530 |
| Other contributions (incl. rollovers in) | $411,226 |
| Administrative expenses paid from the plan | $228,863 |
| Investment advisory & management fees | $121,009 |
| Benefits paid out | $12,525,161 |
| Net assets, start / end of year | $98.9M / $119.4M |
| Active participants, start / end of year | 2,208 / 2,077 |
| Participants with account balances | 2,419 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Blue & Co LLC |
Largest service providers (Schedule C)
| MCF Advisors LLC | $121,009 reported compensation |
| Empower Annuity Insurance Company O | $107,854 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008145318NAL0006024465001, received 2025-10-08, EIN 36-4948585, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.