401(k) · DOL Form 5500 · 2023

Banks Construction Company 401(k) Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
341
Participants Below avg headcount
70th
Percentile by assets National rank
$49,599
Avg per participant Low balance/head
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Official DOL plan name: Banks Construction Company Profit Sharing /401(k) Plan · Sponsored by Banks Construction Company · South Carolina · Construction

$17M in assets, 341 participants

Banks Construction Company's Banks Construction Company Profit Sharing /401(k) Plan reported $17M in total assets and 341 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.

  • #6,156 in Construction (9,030 peers)

Banks Construction Company multi-year trail

Banks Construction Company's plans moved +50.0% in assets from 2022 to 2024; this filing shows Banks Construction Company Profit Sharing /401(k) Plan at $17M / 341 participants.

#6,156
in Construction (9,030 peers)
+24.8%
assets growth YoY

Banks Construction Company Profit Sharing /401(k) Plan's outsized position by total assets

Banks Construction Company Profit Sharing /401(k) Plan vs every filed plan by assets

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

$16,913,316 Top 30% higher than 70% 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

Banks Construction Company Profit Sharing /401(k) 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. Banks Construction Company Profit Sharing /401(k) Plan sits mid-pack in the medium band (341 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Banks Construction Company Profit Sharing /401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Banks Construction Company Profit Sharing /401(k) Plan reported participants rose from 270 in the plan year 2022 filing to 341 in the plan year 2023 filing.
  • Banks Construction Company Profit Sharing /401(k) Plan end-of-year assets rose from $14M in the plan year 2022 filing to $17M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 570296227 · Banks Construction Company PY 2023 · 401(k)

Banks Construction Company Profit Sharing /401(k) Plan · $17M · 341 · 70th

  • EIN $17M
  • RANK 341
  • PHOTO 70th
  • IND 401(k)
  • EOY near Kdm Signs, Inc. 401(k) Savings Plan
  • 5500 ind #6156

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 Construction retirement plans → · Plans in South Carolina →

Banks Construction Company Profit Sharing /401(k) Plan in the asset neighbourhood

Mvc Profit Sharing and 401(k) PlanMvc Profit Sharing and 401(k…$17MBanks Construction Company Profit Sharing /401(k) PlanBanks Construction Company P…$17MKdm Signs, Inc. 401(k) Savings PlanKdm Signs, Inc. 401(k) Savin…$17MSparky 401(k) Plan$17MFuture Tech Retirement Fund$17M
End-of-year total assets ($M) among Banks Construction Company Profit Sharing /401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Banks Construction Company multi-year asset trail

Sponsor-wide plan assets over time

All Banks Construction Company plans reported in each filing year

Latest sponsor-wide plan assets
$20M 49.975429830334065% vs 2022
2024 filing year
$10M$15M$20M$25M 202220232024 $13.6M $20.3M ▲ +50.0%
Year Plans Participants Total Assets
2022 1 270 $14M
2023 1 341 $17M
2024 1 363 $20M

Banks Construction Company filing trail (2023)

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$17M
Net Income$3M
Employer EIN570296227
Plan Effective Date1983-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in South Carolina

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

Banks Construction Company Profit Sharing /401(k) Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -1012345 Total assets ($B) Participants Banks Construction Company Profit Sharing /401(k) Plan, Total assets ($B): 0.016913316 · Participants: 341Banks Construction Company Profit Sharing /401(k) PlanMichelin 401(k) Savings Plan, Total assets ($B): 4.081217676 · Participants: 14439Michelin 401(k) Savings PlanThe Savannah River Nuclear Solutions, LLC Defined Contribution Plan, Total assets ($B): 2.54970984 · Participants: 8661The Savannah River Nuclear Solutions, LLC Defined Contribution PlanSonoco Retirement & Savings Plan, Total assets ($B): 1.560739492 · Participants: 11311Sonoco Retirement & Savings PlanSonoco Retirement & Savings Plan, Total assets ($B): 1.313010355 · Participants: 10614Sonoco Retirement & Savings PlanBlue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan, Total assets ($B): 1.296149408 · Participants: 11348Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan
Banks Construction Company Profit Sharing /401(k) Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants
Compare Banks Construction Company Profit Sharing /401(k) Plan side-by-side with 3 peers →

Banks Construction Company Profit Sharing /401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside South Carolina, the nearest 401(k) by assets is Kdm Signs, Inc. 401(k) Savings Plan in OH ($17M); by covered participants it is Tejas Industries, Inc. 401(k) Plan in TX (341 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($17M here).

Similar participant headcount

Nearest other-state filings by covered participants (341 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 Banks Construction Company Profit Sharing /401(k) Plan assets move in 2023? ▼
Banks Construction Company Profit Sharing /401(k) Plan grew sharply - up 24.8% during 2023, from $14M to $17M. Reported net income was $3M.
How have Banks Construction Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Banks Construction Company's sponsor-wide assets grew 50.0%, from $14M to $20M.
Which 401(k) plans are similar in size to Banks Construction Company Profit Sharing /401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Kdm Signs, Inc. 401(k) Savings Plan in OH ($17M, 216 participants).
Which 401(k) plans cover a similar participant headcount to Banks Construction Company Profit Sharing /401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Tejas Industries, Inc. 401(k) Plan in TX (341 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 570296227.

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.