401(k) · DOL Form 5500 · 2023
Banner Engineering Corp 401(k) Plan
Data updated 2026-08-25
- $176M
- Total assets Near avg plan size
- 1,468
- Participants Near avg headcount
- 94th
- Percentile by assets National rank
- $120,094
- Avg per participant Near avg balance/head
Official DOL plan name: Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust · Sponsored by Banner Engineering Corp · Minnesota · Manufacturing
$176M in assets, 1,468 participants
Banner Engineering Corp's Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust reported $176M in total assets and 1,468 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.
- #17,061 in Manufacturing (18,722 peers)
Where Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust sits by assets
Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust sits in the top 10% of all filed plans by assets, $176M for 1,468 participants (~$120,094/participant), up 12.3% in 2023.
- #17,061
- in Manufacturing (18,722 peers)
- +12.3%
- assets growth YoY
- 1.8×
- vs typical plan assets (national mean)
Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust's outsized position by total assets
Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$176,297,416 Top 6% higher than 94% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust lands in the large band (1,468 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust reported net income rose from -$38M in the plan year 2022 filing to $19M in the plan year 2023 filing.
- Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust reported participants rose from 1,288 in the plan year 2022 filing to 1,468 in the plan year 2023 filing.
- Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust end-of-year assets rose from $157M in the plan year 2022 filing to $176M in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 410907221 · Banner Engineering Corp PY 2023 · 401(k)
Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust · $176M · 1,468 · 94th
- BOY $176M
- BOY 1,468
- BOY 94th
- BOY 401(k)
- BOY near Durr, Inc. 401(k) Plan
- BOY ind #17061
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 Manufacturing retirement plans → · Plans in Minnesota →
Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust in the asset neighbourhood
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $157M |
|---|---|
| Net Assets (End of Year) | $176M |
| Net Income | $19M |
| Employer EIN | 410907221 |
| Plan Effective Date | 1976-08-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Banner Engineering Corp)
Sponsor-wide plan assets over time
All Banner Engineering Corp plans reported in each filing year
- Latest sponsor-wide plan assets
- $192M 22.05916334427679% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,288 | $157M |
| 2023 | 1 | 1,468 | $176M |
| 2024 | 1 | 997 | $192M |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Unitedhealth Group 401(k) Savings Plan $22.4B · 198,972
- Target Corporation 401(k) Plan $13.0B · 432,617
- Medtronic Savings and Investment Plan $12.9B · 44,342
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $12.0B · 36,049
- U.S. Bank 401(k) Savings Plan $10.3B · 75,272
Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust's out-of-state 401(k) peers by assets and headcount
Outside Minnesota, the nearest 401(k) by assets is Durr, Inc. 401(k) Plan in MI ($176M); by covered participants it is Buehler's Fresh Foods Employees' 401(k) Plan in OH (1,468 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($176M here).
- Durr, Inc. 401(k) Plan (MI) $176M · 681
- Aaron's 401(k) Retirement Plan (GA) $176M · 10,353
- Pedernales Electric Cooperative Inc. Employees 401(k) Savings Plan (TX) $176M · 897
- Hoerbiger US Retirement Plan (FL) $176M · 955
Similar participant headcount
Nearest other-state filings by covered participants (1,468 participants); asset peers above are excluded.
- Buehler's Fresh Foods Employees' 401(k) Plan (OH) 1,468 · 0 off
- Colonial Williamsburg Tax Deferred Savings Plan (VA) 1,468 · 0 off
- Wyckoff Enterprises 401(k) Profit Sharing Plan (WA) 1,468 · 0 off
- Atlas Roofing Corporation 401(k) Profit Sharing Plan (MS) 1,467 · 1 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.