401(k) · DOL Form 5500 · 2022

Bank Forward 401(k) Plan

Data updated 2026-08-25

$25M
Total assets Below avg plan size
232
Participants Below avg headcount
80th
Percentile by assets National rank
$107,547
Avg per participant Below avg balance/head
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Official DOL plan name: Bank Forward 401(k) Plan and Trust · Sponsored by Bank Forward · North Dakota · Finance & Insurance

$25M in assets, 232 participants

Bank Forward's Bank Forward 401(k) Plan and Trust reported $25M in total assets and 232 participants in its 2022 DOL Form 5500 filing, ranking in the 80th 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.

  • #6,361 in Finance & Insurance (9,261 peers)

Coverage in North Dakota

Bank Forward 401(k) Plan and Trust covers 232 participants in North Dakota, about 46% of the average North Dakota filer (state average ~504 per filing). Assets: $25M.

#6,361
in Finance & Insurance (9,261 peers)
-16.7%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Bank Forward 401(k) Plan and Trust's outsized position by total assets

Bank Forward 401(k) Plan and Trust vs every filed plan by assets

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

$24,950,871 Top 20% higher than 80% 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

Bank Forward 401(k) Plan and 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. Bank Forward 401(k) Plan and Trust sits mid-pack in the medium band (232 participants).

DOL schedule card

Filing strip 450192700 · Bank Forward PY 2022 · 401(k)

Bank Forward 401(k) Plan and Trust · $25M · 232 · 80th

  • NET $25M
  • BOOK 232
  • VS-ST 80th
  • BOY 401(k)
  • SCH near Bhs Corrugated-North America, Inc. 401 (K) Savings Plan
  • EBSA ind #6361

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 Finance & Insurance retirement plans → · Plans in North Dakota →

Bank Forward 401(k) Plan and Trust in the asset neighbourhood

Bank Forward 401(k) Plan and TrustBank Forward 401(k) Plan and…$25MBhs Corrugated-North America, Inc. 401 (K) Savings PlanBhs Corrugated-North America…$25MGalloway, Johnson, Tompkins, Burr & Smith (a PLC) 401(k) PlanGalloway, Johnson, Tompkins,…$25MConnell Resources, Inc. 401(k) Profit Sharing PlanConnell Resources, Inc. 401(…$25MPort Blakely 401(k) Profit Sharing Plan and TrustPort Blakely 401(k) Profit S…$25M
End-of-year total assets ($M) among Bank Forward 401(k) Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

North Dakota filing particulars

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$25M
Net Income-$5M
Employer EIN450192700
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bank Forward)

Sponsor-wide plan assets over time

All Bank Forward plans reported in each filing year

Latest sponsor-wide plan assets
$82M 36.238237194996096% vs 2022
2024 filing year
$50M$60M$70M$80M$90M 202220232024 $60.3M $82.1M ▲ +36.2%
Year Plans Participants Total Assets
2022 2 434 $60M
2023 2 425 $72M
2024 2 430 $82M

Nearby 401(k) Plans in North Dakota

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

Bank Forward 401(k) Plan and Trust vs. nearby 401(k) plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -10123 Total assets ($B) Participants Bank Forward 401(k) Plan and Trust, Total assets ($B): 0.024950871 · Participants: 232Bank Forward 401(k) Plan and TrustSanford 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
Bank Forward 401(k) Plan and Trust vs. nearby 401(k) plans in North Dakota, assets vs. participants
Compare Bank Forward 401(k) Plan and Trust side-by-side with 3 peers →

Bank Forward 401(k) Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside North Dakota, the nearest 401(k) by assets is Bhs Corrugated-North America, Inc. 401 (K) Savings Plan in TN ($25M); by covered participants it is Argo Data Resource Corporation 401(k) Plan in TX (232 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (232 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 Bank Forward 401(k) Plan and Trust assets move in 2022? ▼
Bank Forward 401(k) Plan and Trust declined sharply - down 16.7% during 2022, from $30M to $25M. Reported net income was -$5M.
How have Bank Forward plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bank Forward's sponsor-wide assets grew 36.2%, from $60M to $82M.
Where does Bank Forward 401(k) Plan and Trust rank by assets among Form 5500 filers? ▼
Bank Forward 401(k) Plan and Trust ranks in the 80th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Bank Forward 401(k) Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is Bhs Corrugated-North America, Inc. 401 (K) Savings Plan in TN ($25M, 221 participants).
Which 401(k) plans cover a similar participant headcount to Bank Forward 401(k) Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Argo Data Resource Corporation 401(k) Plan in TX (232 participants, $42M 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 450192700.

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.