401(k) · DOL Form 5500 · 2023

Border Bank 401(k) Plan

Data updated 2026-08-25

$18M
Total assets Small plan by assets: 161
Participants Small participant base: 70th
Percentile by assets National rank: $109,481
Avg per participant Below avg balance/head

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Official DOL plan name: Border Bank 401(k) Plan & Trust · Sponsored by Border Bank · Minnesota · Finance & Insurance

$18M in assets, 161 participants

Border Bank's Border Bank 401(k) Plan & Trust reported $18M in total assets and 161 participants in its 2023 DOL Form 5500 filing, ranking in the 70th 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.

#4,989 in Finance & Insurance (8,869 peers)

Coverage in Minnesota

Border Bank 401(k) Plan & Trust covers 161 participants in Minnesota, about 14% of the average Minnesota filer (state average ~1,126 per filing). Assets: $18M.

#4,989
in Finance & Insurance (8,869 peers): +20.4%
assets growth YoY

Border Bank 401(k) Plan & Trust's outsized position by total assets

Border Bank 401(k) Plan & Trust vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$17,626,420 Top 30% higher than 70% 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

Border Bank 401(k) Plan & Trust among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Border Bank 401(k) Plan & Trust sits mid-pack in the medium band (161 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

Border Bank 401(k) Plan & Trust reported net income rose from -$3M in the plan year 2022 filing to $3M in the plan year 2023 filing.
Border Bank 401(k) Plan & Trust end-of-year assets rose from $15M in the plan year 2022 filing to $18M in the plan year 2023 filing.
Border Bank 401(k) Plan & Trust reported participants rose from 158 in the plan year 2022 filing to 161 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 450314785 · Border Bank PY 2023 · 401(k)

Border Bank 401(k) Plan & Trust · $18M · 161 · 70th

PART $18M
TYPE 161
NET 70th
BOOK 401(k)
VS-ST near Lightcast 401(k) Plan
BOY ind #4989

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 Minnesota →

End-of-year total assets ($M) among Border Bank 401(k) Plan & Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)	$15M
Net Assets (End of Year)	$18M
Net Income	$3M
Employer EIN	450314785
Plan Effective Date	1995-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Border Bank)

Latest sponsor-wide plan assets: $19M 28.732277614965053% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	158	$15M
2023	1	161	$18M
2024	1	162	$19M

Nearby 401(k) Plans in Minnesota

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

Border Bank 401(k) Plan & 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 Border Bank 401(k) Plan & Trust side-by-side with 3 peers →

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

Outside Minnesota, the nearest 401(k) by assets is Lightcast 401(k) Plan in ID ($18M); by covered participants it is Kansas Crossing Casino, Lc 401(k) Plan in KS (161 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($18M here).

Lightcast 401(k) Plan (ID) $18M · 377
Plaster & Wald Consulting Corp. 401(k) Profit Sharing Plan and Trust (OK) $18M · 125
Landerholm, P.S. 401(k) Profit Sharing Plan (WA) $18M · 65
Nutrition, Inc. 401(k) Plan (PA) $18M · 3,305

Similar participant headcount

Nearest other-state filings by covered participants (161 participants); asset peers above are excluded.

Kansas Crossing Casino, Lc 401(k) Plan (KS) 161 · 0 off
J.W. Pepper & Son, Inc. 401(k) Savings and Investment Plan (PA) 161 · 0 off
Burke Beverage, Inc. 401(k) Plan (IL) 161 · 0 off
Arrow Gear Incentive Savings Plan (NY) 161 · 0 off

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Border Bank 401(k) Plan & Trust assets move in 2023? ▼

Border Bank 401(k) Plan & Trust grew sharply - up 20.4% during 2023, from $15M to $18M. Reported net income was $3M.

How have Border Bank plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Border Bank's sponsor-wide assets grew 28.7%, from $15M to $19M.

Which 401(k) plans are similar in size to Border Bank 401(k) Plan & Trust? ▼

Among 401(k) plans in other states, the closest by assets is Lightcast 401(k) Plan in ID ($18M, 377 participants).

Which 401(k) plans cover a similar participant headcount to Border Bank 401(k) Plan & Trust? ▼

Among 401(k) plans in other states, the closest by covered participants is Kansas Crossing Casino, Lc 401(k) Plan in KS (161 participants, N/A in assets).

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 450314785.