401(k) · DOL Form 5500 · 2022

State Bankshares, Inc. 401(k) Plan

Data updated 2026-08-25

$224M
Total assets Near avg plan size
1,772
Participants Near avg headcount
96th
Percentile by assets National rank
$126,514
Avg per participant Near avg balance/head
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Official DOL plan name: State Bankshares 401(k) Profit Sharing Plan · Sponsored by State Bankshares, Inc. · North Dakota · Finance & Insurance

$224M in assets, 1,772 participants

State Bankshares, Inc.'s State Bankshares 401(k) Profit Sharing Plan reported $224M in total assets and 1,772 participants in its 2022 DOL Form 5500 filing, ranking in the 96th 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.

  • #8,626 in Finance & Insurance (9,261 peers)

Coverage in North Dakota

State Bankshares 401(k) Profit Sharing Plan covers 1,772 participants in North Dakota, 3.5x the typical North Dakota plan (state average ~504 per filing). Assets: $224M.

#8,626
in Finance & Insurance (9,261 peers)
-10.9%
assets change YoY
2.2×
vs typical plan assets (national mean)

The plan reported a net loss of $28M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

State Bankshares 401(k) Profit Sharing Plan's outsized position by total assets

State Bankshares 401(k) Profit Sharing Plan vs every filed plan by assets

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

$224,183,104 Top 4% higher than 96% 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

State Bankshares 401(k) Profit Sharing Plan'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. State Bankshares 401(k) Profit Sharing Plan lands in the large band (1,772 participants).

Form 5500 schedule snapshot

Filing strip 450412162 · State Bankshares, Inc. PY 2022 · 401(k)

State Bankshares 401(k) Profit Sharing Plan · $224M · 1,772 · 96th

  • IND $224M
  • IND 1,772
  • IND 96th
  • IND 401(k)
  • IND near Life Time and Its Affiliates 401(k) Plan
  • IND ind #8626

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 →

State Bankshares 401(k) Profit Sharing Plan in the asset neighbourhood

Thyssenkrupp 401(k) Plan North AmericaThyssenkrupp 401(k) Plan Nor…$225MKarsten Manufacturing Corporation and Subsidiaries 401(k) PlanKarsten Manufacturing Corpor…$224MStevens & Lee Savings Plan$224MLife Time and Its Affiliates 401(k) PlanLife Time and Its Affiliates…$224MState Bankshares 401(k) Profit Sharing PlanState Bankshares 401(k) Prof…$224M
End-of-year total assets ($M) among State Bankshares 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

North Dakota filing particulars

Total Assets (Beginning of Year)$252M
Net Assets (End of Year)$224M
Net Income-$28M
Employer EIN450412162
Plan Effective Date1983-12-20
Filing StatusFILING RECEIVED

Sponsor Plan History (State Bankshares, Inc.)

Sponsor-wide plan assets over time

All State Bankshares, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$397M 30.38507359433517% vs 2022
2024 filing year
$250M$300M$350M$400M$450M 202220232024 $305M $397M ▲ +30.4%
Year Plans Participants Total Assets
2022 2 3,204 $305M
2023 2 3,559 $351M
2024 2 3,608 $397M

Nearby 401(k) Plans in North Dakota

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

State Bankshares 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants Scatter plot of 6 data points. 010000200003000040000 00.511.522.53 Total assets ($B) Participants State Bankshares 401(k) Profit Sharing Plan, Total assets ($B): 0.224183104 · Participants: 1772State Bankshares 401(k) Profit Sharing 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
State Bankshares 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants
Compare State Bankshares 401(k) Profit Sharing Plan side-by-side with 3 peers →

State Bankshares 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside North Dakota, the nearest 401(k) by assets is Life Time and Its Affiliates 401(k) Plan in MN ($224M); by covered participants it is Balfour Beatty Construction Group 401(k) and Profit Sharing Plan in TX (1,772 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($224M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,772 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 State Bankshares 401(k) Profit Sharing Plan assets move in 2022? ▼
State Bankshares 401(k) Profit Sharing Plan pulled back noticeably - down 10.9% during 2022, from $252M to $224M. Reported net income was -$28M.
How have State Bankshares, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), State Bankshares, Inc.'s sponsor-wide assets grew 30.4%, from $305M to $397M.
Where does State Bankshares 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
State Bankshares 401(k) Profit Sharing Plan ranks in the 96th 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 State Bankshares 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Life Time and Its Affiliates 401(k) Plan in MN ($224M, 20,563 participants).
Which 401(k) plans cover a similar participant headcount to State Bankshares 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Balfour Beatty Construction Group 401(k) and Profit Sharing Plan in TX (1,772 participants, $371M 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 450412162.

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.