401(k) · DOL Form 5500 · 2022
Banner Engineering Corp 401(k) Plan
Data updated 2026-08-11
- $157M
- Total assets
- 1,288
- Participants
- 95th
- Percentile by assets
- $121,849
- Avg per participant
Official DOL plan name: Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust · Sponsored by Banner Engineering Corp · Minnesota · Manufacturing
$157M in assets, 1,288 participants
Banner Engineering Corp's Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust reported $157M in total assets and 1,288 participants in its 2022 DOL Form 5500 filing, ranking in the 95th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 95th percentile by assets (of 139,126 plans)
- #18,920 in Manufacturing (20,602 peers)
Where Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust sits by assets
Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust sits in the top 5% of all filed plans by assets, $157M for 1,288 participants (~$121,849/participant), down 19.4% in 2022.
- $157M
- total plan assets (2022 EOY)
- 1,288
- covered participants
- 95th
- percentile by assets (of 139,126 plans)
- $121,849
- avg assets per participant
The plan reported a net loss of $38M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Where Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust sits by total assets
Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$156,940,993 Top 5% higher than 95% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust vs the 2022 asset distribution
By assets, Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust outranks 95% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 1.6x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $195M |
|---|---|
| Net Assets (End of Year) | $157M |
| Net Income | -$38M |
| Employer EIN | 410907221 |
| Plan Effective Date | 1976-08-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Banner Engineering Corp)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,288 | $157M |
| 2023 | 1 | 1,468 | $176M |
| 2024 | 1 | 997 | $192M |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants
- Unitedhealth Group 401(k) Savings Plan $18.6B · 176,886
- Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) $12.2B · 38,825
- Target Corporation 401(k) Plan $11.2B · 400,422
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $11.1B · 37,159
- U.S. Bank 401(k) Savings Plan $8.3B · 67,646
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust by total assets, not by location.
- Liberty Oilfield Services 401(k) Savings Plan (CO) $157M · 3,325
- Smc Corporation Retirement Savings Plan (IN) $157M · 1,360
- Susman Godfrey 401(k)/Retirement Savings Plan (TX) $157M · 288
- Consilio 401(k) Plan (DC) $157M · 2,814
Frequently Asked Questions
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Next read for Banner Engineering Corp. Profit Sharing …
Scale reading
Ways to act on Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust's numbers.
- By total assets, Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
- Banner Engineering Corp's sponsor-wide assets have grown 22.1% since 2022 across 3 plan years on file. More Manufacturing plans