401(k) · DOL Form 5500 · 2023

Banner Engineering Corp 401(k) Plan

Data updated 2026-08-11

$176M
Total assets: 1,468
Participants: 94th
Percentile by assets: $120,094
Avg per participant

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.

94th percentile by assets (of 127,072 plans)
#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.

$176M
total plan assets (2023 EOY): 1,468
covered participants: 94th
percentile by assets (of 127,072 plans): $120,094
avg assets per participant

Where Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust sits 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 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.

See the national 2022→2023 release diff →

State

Minnesota

Industry

Manufacturing

Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust vs the 2023 asset distribution

By assets, Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust outranks 94% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.8x the national average plan size of $100M (721 average participants).

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)

Total plan assets by year, all Banner Engineering Corp plans on file

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.

Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants

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

Compare Banner Engineering Corp. Profit Sharing … side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust by total assets, not by location.

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

Frequently Asked Questions

How did Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust assets move in 2023? ▼

Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust grew at a solid clip - up 12.3% during 2023, from $157M to $176M. Reported net income was $19M.

How have Banner Engineering Corp plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Banner Engineering Corp's sponsor-wide assets grew 22.1%, from $157M to $192M.

Where does Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust rank by assets among Form 5500 filers? ▼

Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust ranks in the 94th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).

Which 401(k) plans are similar in size to Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust? ▼

Among 401(k) plans in other states, the closest by assets is Durr, Inc. 401(k) Plan in MI ($176M, 681 participants).

Next read for Banner Engineering Corp. Profit Sharing …

Scale reading

Ways to act on Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust's numbers.

By total assets, Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
Banner Engineering Corp's sponsor-wide assets have grown 22.1% since 2022 across 3 plan years on file. More Manufacturing plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410907221.