401(k) · DOL Form 5500 · 2022

Banks Hardwoods, Inc. 401(k) Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
103
Participants Small participant base
64th
Percentile by assets National rank
$92,704
Avg per participant Below avg balance/head
PlainRetire home → About this data

Official DOL plan name: Banks Hardwoods, Inc. 401(k) Profit Sharing Plan & Trust · Sponsored by Banks Hardwoods, Inc. · Michigan · Manufacturing

$10M in assets, 103 participants

Banks Hardwoods, Inc.'s Banks Hardwoods, Inc. 401(k) Profit Sharing Plan & Trust reported $10M in total assets and 103 participants in its 2022 DOL Form 5500 filing, ranking in the 64th 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.

  • #10,507 in Manufacturing (20,602 peers)

Coverage in Michigan

Banks Hardwoods, Inc. 401(k) Profit Sharing Plan & Trust covers 103 participants in Michigan, about 16% of the average Michigan filer (state average ~638 per filing). Assets: $10M.

#10,507
in Manufacturing (20,602 peers)
-13.7%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Banks Hardwoods, Inc. 401(k) Profit Sharing Plan & Trust's mid-pack asset rank among Manufacturing and all filers

Banks Hardwoods, Inc. 401(k) Profit Sharing Plan & Trust vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$9,548,499 Top 36% higher than 64% 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

Banks Hardwoods, Inc. 401(k) Profit Sharing Plan & Trust among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Banks Hardwoods, Inc. 401(k) Profit Sharing Plan & Trust sits mid-pack in the medium band (103 participants).

Published 5500 schedule card

Filing strip 351641369 · Banks Hardwoods, Inc. PY 2022 · 401(k)

Banks Hardwoods, Inc. 401(k) Profit Sharing Plan & Trust · $10M · 103 · 64th

  • NET $10M
  • BOOK 103
  • VS-ST 64th
  • BOY 401(k)
  • SCH near Tmc Financing 401(k) Plan
  • EBSA ind #10507

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 Michigan →

Banks Hardwoods, Inc. 401(k) Profit Sharing Plan & Trust in the asset neighbourhood

Banks Hardwoods, Inc. 401(k) Profit Sharing Plan & TrustBanks Hardwoods, Inc. 401(k)…$10MTmc Financing 401(k) Plan$10MRamp 401(k) Plan$10MNational Realty & Development Corp. 401(k) Savings PlanNational Realty & Developmen…$10MContinental Express, Inc. 401 (K) PlanContinental Express, Inc. 40…$10M
End-of-year total assets ($M) among Banks Hardwoods, Inc. 401(k) Profit Sharing Plan & Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Michigan filing particulars

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$10M
Net Income-$2M
Employer EIN351641369
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Michigan

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Banks Hardwoods, Inc. 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants Banks Hardwoods, Inc. 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.009548499 · Participants: 103Banks Hardwoods, Inc. 401(k) Profit Sharing Plan & TrustGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 18.071817726 · Participants: 43382General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 13.833597622 · Participants: 32974Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 9.307640951 · Participants: 16930The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 7.545889119 · Participants: 40458The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 6.44558193 · Participants: 57811Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Banks Hardwoods, Inc. 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Banks Hardwoods, Inc. 401(k) Profit Sharing Plan & Trust side-by-side with 3 peers →

Banks Hardwoods, Inc. 401(k) Profit Sharing Plan & Trust's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Tmc Financing 401(k) Plan in CA ($10M); by covered participants it is Widen Enterprises LLC in WI (103 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($10M here).

Similar participant headcount

Nearest other-state filings by covered participants (103 participants); asset peers above are excluded.

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 Banks Hardwoods, Inc. 401(k) Profit Sharing Plan & Trust assets move in 2022? ▼
Banks Hardwoods, Inc. 401(k) Profit Sharing Plan & Trust pulled back noticeably - down 13.7% during 2022, from $11M to $10M. Reported net income was -$2M.
Which 401(k) plans are similar in size to Banks Hardwoods, Inc. 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by assets is Tmc Financing 401(k) Plan in CA ($10M, 82 participants).
Which 401(k) plans cover a similar participant headcount to Banks Hardwoods, Inc. 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Widen Enterprises LLC in WI (103 participants, N/A 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 351641369.

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.