401(k) · DOL Form 5500 · 2022
Banks Construction Company 401(k) Plan
Data updated 2026-08-25
- $14M
- Total assets Small plan by assets
- 270
- Participants Below avg headcount
- 71st
- Percentile by assets National rank
- $50,174
- Avg per participant Low balance/head
Official DOL plan name: Banks Construction Company Profit Sharing /401(k) Plan · Sponsored by Banks Construction Company · South Carolina · Construction
$14M in assets, 270 participants
Banks Construction Company's Banks Construction Company Profit Sharing /401(k) Plan reported $14M in total assets and 270 participants in its 2022 DOL Form 5500 filing, ranking in the 71st 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.
- #6,989 in Construction (9,927 peers)
Banks Construction Company multi-year trail
Banks Construction Company's plans moved +50.0% in assets from 2022 to 2024; this filing shows Banks Construction Company Profit Sharing /401(k) Plan at $14M / 270 participants.
- #6,989
- in Construction (9,927 peers)
- -12.6%
- 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 Construction Company Profit Sharing /401(k) Plan's outsized position by total assets
Banks Construction Company Profit Sharing /401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$13,546,915 Top 29% higher than 71% 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
Banks Construction Company Profit Sharing /401(k) Plan 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 Construction Company Profit Sharing /401(k) Plan sits mid-pack in the medium band (270 participants).
DOL schedule card
Filing strip 570296227 · Banks Construction Company PY 2022 · 401(k)
Banks Construction Company Profit Sharing /401(k) Plan · $14M · 270 · 71st
- EIN $14M
- RANK 270
- PHOTO 71st
- IND 401(k)
- EOY near 403(b) Thrift Plan for Employees of Child Care Associates
- 5500 ind #6989
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 Construction retirement plans → · Plans in South Carolina →
Banks Construction Company Profit Sharing /401(k) Plan in the asset neighbourhood
Banks Construction Company multi-year asset trail
Sponsor-wide plan assets over time
All Banks Construction Company plans reported in each filing year
- Latest sponsor-wide plan assets
- $20M 49.975429830334065% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 270 | $14M |
| 2023 | 1 | 341 | $17M |
| 2024 | 1 | 363 | $20M |
Banks Construction Company filing trail (2022)
| Total Assets (Beginning of Year) | $15M |
|---|---|
| Net Assets (End of Year) | $14M |
| Net Income | -$2M |
| Employer EIN | 570296227 |
| Plan Effective Date | 1983-01-01 |
| Filing Status | FILING RECEIVED |
Nearby 401(k) Plans in South Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Michelin 401(k) Savings Plan $3.6B · 13,708
- The Savannah River Nuclear Solutions, LLC Defined Contribution Plan $2.2B · 7,829
- Sonoco Retirement & Savings Plan $1.2B · 9,714
- The Milliken Retirement Plan $1.2B · 6,185
- Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan $1.1B · 11,881
Banks Construction Company Profit Sharing /401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside South Carolina, the nearest 401(k) by assets is 403(b) Thrift Plan for Employees of Child Care Associates in TX ($14M); by covered participants it is Maxair Mechanical 401(k) Plan in GA (270 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($14M here).
Similar participant headcount
Nearest other-state filings by covered participants (270 participants); asset peers above are excluded.
- Maxair Mechanical 401(k) Plan (GA) 270 · 0 off
- U. S. Steel Tubular Services Savings Plan (PA) 270 · 0 off
- The Sheakley Group of Companies 401(k) (OH) 270 · 0 off
- Frost Management Company 401(k) Profit Sharing Plan (FL) 270 · 0 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.