401(k) · DOL Form 5500 · 2023

Bankonit, LLC 401(k) Plan

Data updated 2026-08-25

$5M
Total assets Small plan by assets
108
Participants Small participant base
44th
Percentile by assets National rank
$46,195
Avg per participant Low balance/head
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Official DOL plan name: Bankonit Retirement Savings Plan · Sponsored by Bankonit, LLC · Oklahoma · Finance & Insurance

$5M in assets, 108 participants

Bankonit, LLC's Bankonit Retirement Savings Plan reported $5M in total assets and 108 participants in its 2023 DOL Form 5500 filing, ranking in the 44th 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.

  • #2,790 in Finance & Insurance (8,869 peers)

Coverage in Oklahoma

Bankonit Retirement Savings Plan covers 108 participants in Oklahoma, about 14% of the average Oklahoma filer (state average ~760 per filing). Assets: $5M.

#2,790
in Finance & Insurance (8,869 peers)
+35.3%
assets growth YoY

Bankonit Retirement Savings Plan's mid-pack asset rank among Finance & Insurance and all filers

Bankonit Retirement Savings Plan vs every filed plan by assets

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

$4,989,057 44th percentile higher than 44% of 127,068 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 2023

Bankonit Retirement Savings Plan 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. Bankonit Retirement Savings Plan sits mid-pack in the medium band (108 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bankonit Retirement Savings Plan reported net income rose from -$173K in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Bankonit Retirement Savings Plan reported participants fell from 170 in the plan year 2022 filing to 108 in the plan year 2023 filing.
  • Bankonit Retirement Savings Plan end-of-year assets rose from $4M in the plan year 2022 filing to $5M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 202338224 · Bankonit, LLC PY 2023 · 401(k)

Bankonit Retirement Savings Plan · $5M · 108 · 44th

  • ASSETS $5M
  • PCT 108
  • EIN 44th
  • RANK 401(k)
  • PHOTO near Abc Dfw 401(k) Plan
  • IND ind #2790

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 Oklahoma →

Bankonit Retirement Savings Plan in the asset neighbourhood

Bankonit Retirement Savings PlanBankonit Retirement Savings …$5MAbc Dfw 401(k) Plan$5MBoyd Industries, Inc. Retirement PlanBoyd Industries, Inc. Retire…$5MCorsource Technology Group, LLC 401(k) PlanCorsource Technology Group, …$5MBrown-Wilbert, Inc. Profit Sharing Plan and TrustBrown-Wilbert, Inc. Profit S…$5M
End-of-year total assets ($M) among Bankonit Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Oklahoma filing particulars

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$5M
Net Income$1M
Employer EIN202338224
Plan Effective Date2019-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bankonit, LLC)

Sponsor-wide plan assets over time

All Bankonit, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$6M 69.95704767442365% vs 2022
2024 filing year
$3M$4M$5M$6M$7M 202220232024 $3.69M $6.27M ▲ +69.9%
Year Plans Participants Total Assets
2022 1 170 $4M
2023 1 108 $5M
2024 1 201 $6M

Nearby 401(k) Plans in Oklahoma

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

Bankonit Retirement Savings Plan vs. nearby 401(k) plans in Oklahoma, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -1012345 Total assets ($B) Participants Bankonit Retirement Savings Plan, Total assets ($B): 0.004989057 · Participants: 108Bankonit Retirement Savings PlanQuiktrip Corporation Retirement Plan, Total assets ($B): 4.212452319 · Participants: 11746Quiktrip Corporation Retirement PlanThe Williams Investment Plus Plan, Total assets ($B): 1.681202476 · Participants: 5041The Williams Investment Plus PlanOneok, Inc. 401(k) Plan, Total assets ($B): 1.156591 · Participants: 2965Oneok, Inc. 401(k) PlanBok Financial 401(k) Plan, Total assets ($B): 1.048169756 · Participants: 4766Bok Financial 401(k) PlanDevon Energy Corporation Incentive Savings Plan, Total assets ($B): 0.932957189 · Participants: 1858Devon Energy Corporation Incentive Savings Plan
Bankonit Retirement Savings Plan vs. nearby 401(k) plans in Oklahoma, assets vs. participants
Compare Bankonit Retirement Savings Plan side-by-side with 3 peers →

Bankonit Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Oklahoma, the nearest 401(k) by assets is Abc Dfw 401(k) Plan in TX ($5M); by covered participants it is Winstar Farm 401(k) Plan in KY (108 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($5M here).

Similar participant headcount

Nearest other-state filings by covered participants (108 participants); asset peers above are excluded.

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 Bankonit Retirement Savings Plan assets move in 2023? ▼
Bankonit Retirement Savings Plan surged - up 35.3% during 2023, from $4M to $5M. Reported net income was $1M.
How have Bankonit, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bankonit, LLC's sponsor-wide assets grew 70.0%, from $4M to $6M.
Which 401(k) plans are similar in size to Bankonit Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Abc Dfw 401(k) Plan in TX ($5M, 235 participants).
Which 401(k) plans cover a similar participant headcount to Bankonit Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Winstar Farm 401(k) Plan in KY (108 participants, $4M 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 202338224.

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.