401(k) · DOL Form 5500 · 2022

Banner Engineering Corp 401(k) Plan

Data updated 2026-08-25

$157M
Total assets Near avg plan size
1,288
Participants Near avg headcount
95th
Percentile by assets National rank
$121,849
Avg per participant Near avg balance/head
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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.

  • #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.

#18,920
in Manufacturing (20,602 peers)
-19.4%
assets change YoY
1.6×
vs typical plan assets (national mean)

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.

Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust's outsized position 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

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

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's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust lands in the large band (1,288 participants).

EBSA filing schedule strip

Filing strip 410907221 · Banner Engineering Corp PY 2022 · 401(k)

Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust · $157M · 1,288 · 95th

  • SCH $157M
  • EBSA 1,288
  • PART 95th
  • TYPE 401(k)
  • NET near Liberty Oilfield Services 401(k) Savings Plan
  • BOOK ind #18920

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Minnesota →

Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust in the asset neighbourhood

Susman Godfrey 401(k)/Retirement Savings PlanSusman Godfrey 401(k)/Retire…$157MLiberty Oilfield Services 401(k) Savings PlanLiberty Oilfield Services 40…$157MBanner Engineering Corp. Profit Sharing Retirement Savings Plan and TrustBanner Engineering Corp. Pro…$157MSmc Corporation Retirement Savings PlanSmc Corporation Retirement S…$157MConsilio 401(k) Plan$157M
End-of-year total assets ($M) among Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$195M
Net Assets (End of Year)$157M
Net Income-$38M
Employer EIN410907221
Plan Effective Date1976-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Banner Engineering Corp)

Sponsor-wide plan assets over time

All Banner Engineering Corp plans reported in each filing year

Latest sponsor-wide plan assets
$192M 22.05916334427679% vs 2022
2024 filing year
$140M$160M$180M$200M 202220232024 $157M $192M ▲ +22.1%
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 Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust, Total assets ($B): 0.156940993 · Participants: 1288Banner Engineering Corp. Profit Sharing Retirement Savings Plan and TrustUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Target Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings Plan
Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust side-by-side with 3 peers →

Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Liberty Oilfield Services 401(k) Savings Plan in CO ($157M); by covered participants it is Sarnova Hc, LLC Profit Sharing Plan and Trust in OH (1,288 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($157M here).

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust assets move in 2022? ▼
Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust declined sharply - down 19.4% during 2022, from $195M to $157M. Reported net income was -$38M.
How have Banner Engineering Corp plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Banner Engineering Corp's sponsor-wide assets grew 22.1%, from $157M to $192M.
Where does Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust rank by assets among Form 5500 filers? ▼
Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust ranks in the 95th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is Liberty Oilfield Services 401(k) Savings Plan in CO ($157M, 3,325 participants).
Which 401(k) plans cover a similar participant headcount to Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Sarnova Hc, LLC Profit Sharing Plan and Trust in OH (1,288 participants, $74M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410907221.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.