401(k) · DOL Form 5500 · 2022

Financial Business Systems, Inc. 401(k) Plan

Data updated 2026-08-25

$13M
Total assets Small plan by assets
105
Participants Small participant base
70th
Percentile by assets National rank
$122,982
Avg per participant Near avg balance/head
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Official DOL plan name: Financial Business Systems, Inc. 401(k) Plan · Sponsored by Financial Business Systems, Inc. · North Dakota · Information & Media

$13M in assets, 105 participants

Financial Business Systems, Inc.'s Financial Business Systems, Inc. 401(k) Plan reported $13M in total assets and 105 participants in its 2022 DOL Form 5500 filing, ranking in the 70th 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.

  • #1,702 in Information & Media (2,911 peers)

Coverage in North Dakota

Financial Business Systems, Inc. 401(k) Plan covers 105 participants in North Dakota, about 21% of the average North Dakota filer (state average ~504 per filing). Assets: $13M.

#1,702
in Information & Media (2,911 peers)
-21.1%
assets change YoY

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Financial Business Systems, Inc. 401(k) Plan's outsized position by total assets

Financial Business Systems, Inc. 401(k) Plan vs every filed plan by assets

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

$12,913,073 Top 30% higher than 70% 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

Financial Business Systems, Inc. 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. Financial Business Systems, Inc. 401(k) Plan sits mid-pack in the medium band (105 participants).

Plan-year Form 5500 strip

Filing strip 450346952 · Financial Business Systems, Inc. PY 2022 · 401(k)

Financial Business Systems, Inc. 401(k) Plan · $13M · 105 · 70th

  • PHOTO $13M
  • IND 105
  • EOY 70th
  • 5500 401(k)
  • ASSETS near Laboratory Testing Inc. Retirement Plan
  • PCT ind #1702

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 Information & Media retirement plans → · Plans in North Dakota →

Financial Business Systems, Inc. 401(k) Plan in the asset neighbourhood

Financial Business Systems, Inc. 401(k) PlanFinancial Business Systems, …$13MLaboratory Testing Inc. Retirement PlanLaboratory Testing Inc. Reti…$13MAirshare 401(k) Plan$13MBorah, Goldstein, Altschuler, Nahins & Goidel, P.C.Borah, Goldstein, Altschuler…$13MKraft & Kennedy, Inc. 401(k) Profit Sharing PlanKraft & Kennedy, Inc. 401(k)…$13M
End-of-year total assets ($M) among Financial Business Systems, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

North Dakota filing particulars

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$13M
Net Income-$3M
Employer EIN450346952
Plan Effective Date1998-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Financial Business Systems, Inc.)

Sponsor-wide plan assets over time

All Financial Business Systems, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$63M 26.467157498549334% vs 2022
2024 filing year
$45M$50M$55M$60M$65M 202220232024 $49.5M $62.7M ▲ +26.5%
Year Plans Participants Total Assets
2022 2 210 $50M
2023 2 231 $55M
2024 2 244 $63M

Nearby 401(k) Plans in North Dakota

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

Financial Business Systems, Inc. 401(k) Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -10123 Total assets ($B) Participants Financial Business Systems, Inc. 401(k) Plan, Total assets ($B): 0.012913073 · Participants: 105Financial Business Systems, Inc. 401(k) PlanSanford Retirement Savings Plan, Total assets ($B): 2.448470251 · Participants: 30145Sanford Retirement Savings PlanMdu Resources Group, Inc. 401(k) Retirement Plan, Total assets ($B): 1.321268405 · Participants: 8525Mdu Resources Group, Inc. 401(k) Retirement PlanDakotas Areawide IBEW-NECA Savings and Retirement Plan, Total assets ($B): 0.446081759 · Participants: 3784Dakotas Areawide IBEW-NECA Savings and Retirement PlanEide Bailly LLP 401(k) Profit Sharing Plan, Total assets ($B): 0.410790544 · Participants: 2612Eide Bailly LLP 401(k) Profit Sharing PlanOffutt Companies 401(k) Savings Plan, Total assets ($B): 0.402778064 · Participants: 5088Offutt Companies 401(k) Savings Plan
Financial Business Systems, Inc. 401(k) Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants
Compare Financial Business Systems, Inc. 401(k) Plan side-by-side with 3 peers →

Financial Business Systems, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Dakota, the nearest 401(k) by assets is Laboratory Testing Inc. Retirement Plan in PA ($13M); by covered participants it is Tak Communications Wi LLC 401(k) Plan in SD (105 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($13M here).

Similar participant headcount

Nearest other-state filings by covered participants (105 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 Financial Business Systems, Inc. 401(k) Plan assets move in 2022? ▼
Financial Business Systems, Inc. 401(k) Plan declined sharply - down 21.1% during 2022, from $16M to $13M. Reported net income was -$3M.
How have Financial Business Systems, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Financial Business Systems, Inc.'s sponsor-wide assets grew 26.5%, from $50M to $63M.
Which 401(k) plans are similar in size to Financial Business Systems, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Laboratory Testing Inc. Retirement Plan in PA ($13M, 172 participants).
Which 401(k) plans cover a similar participant headcount to Financial Business Systems, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Tak Communications Wi LLC 401(k) Plan in SD (105 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 450346952.

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.