Bnccorp, Inc. 401(k) Savings Plan

Compiled by PlainRetire Editorial, Retirement Plans Editorial Team

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Bnccorp, Inc. · North Dakota · Management of Enterprises

What the 2023 filing shows

Bnccorp, Inc. 401(k) Savings Plan holds $38M for 213 participants — about $176,298 per participant, down 2.0% over the 2023 plan year.

$38M
total plan assets (2023 EOY): 213
covered participants: $176,298
avg assets per participant: -2.0%
assets change YoY

The plan reported a net loss of $777K for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)

$38M

Participants

213

State

North Dakota

Industry

Management of Enterprises

What the Filing Says About Bnccorp, Inc. 401(k) Savings Plan

Bnccorp, Inc. 401(k) Savings Plan is a 401(k) retirement plan sponsored by Bnccorp, Inc., headquartered in North Dakota. As of the 2023 Form 5500 filing, the plan reports $38M in total end-of-year assets and covers 213 participants across the Management of Enterprises industry. The sponsor's EIN on file with the U.S. Department of Labor is 450402816, and the plan has been effective since 1992-02-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $38M at the beginning of 2023 to $38M at year-end — a decline of 2.0%. Net assets (after liabilities) closed the year at $38M, with reported net income of $-776,906 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)	$38M
Total Assets (End of Year)	$38M
Net Assets (End of Year)	$38M
Net Income	$-776,906
Plan Type	401(k)
Employer EIN	450402816
Plan Effective Date	1992-02-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Bnccorp, Inc.)

Year	Plans	Participants	Total Assets
2022	1	281	$38M
2023	1	213	$38M
2024	1	145	$42M

Nearby 401(k) Plans in North Dakota

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

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Knife River Corporation 401(k) Retirement Plan $741M · 5,269
Dakotas Areawide IBEW-NECA Savings and Retirement Plan $521M · 3,853
Eide Bailly LLP 401(k) Profit Sharing Plan $513M · 2,920

Compare Bnccorp, Inc. 401(k) Savings Plan side-by-side with 3 peers →

Related Data

Guides

Frequently Asked Questions

How much money is in the Bnccorp, Inc. 401(k) Savings Plan? ▼

As of the 2023 Form 5500 filing, Bnccorp, Inc. 401(k) Savings Plan holds $38M in total assets with 213 participants. It is sponsored by Bnccorp, Inc..

What type of plan is Bnccorp, Inc. 401(k) Savings Plan? ▼

Bnccorp, Inc. 401(k) Savings Plan is a 401(k) plan. It has been effective since 1992-02-01. The plan is filed with the U.S. Department of Labor under EIN 450402816.

Who sponsors the Bnccorp, Inc. 401(k) Savings Plan? ▼

Bnccorp, Inc. 401(k) Savings Plan is sponsored by Bnccorp, Inc., located in North Dakota. The sponsor's EIN is 450402816 and the plan operates in the Management of Enterprises industry.

How did Bnccorp, Inc. 401(k) Savings Plan perform in 2023? ▼

Bnccorp, Inc. 401(k) Savings Plan declined by 2.0% during 2023, moving from $38M to $38M in total assets. Net income was $-776,906.

Where can I find official filings for Bnccorp, Inc. 401(k) Savings Plan? ▼

Official Form 5500 filings for Bnccorp, Inc. 401(k) Savings Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 450402816 or plan name at efast.dol.gov.

How does Bnccorp, Inc. 401(k) Savings Plan compare to other plans? ▼

You can compare Bnccorp, Inc. 401(k) Savings Plan against other 401(k) plans on the plan type page, or view plans in North Dakota on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.