401(k) · DOL Form 5500 · 2023

State Bankshares, Inc. 401(k) Plan

Data updated 2026-08-25

$275M
Total assets Near avg plan size
1,942
Participants Near avg headcount
96th
Percentile by assets National rank
$141,793
Avg per participant Near avg balance/head
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Official DOL plan name: State Bankshares 401(k) Profit Sharing Plan · Sponsored by State Bankshares, Inc. · North Dakota · Finance & Insurance

$275M in assets, 1,942 participants

State Bankshares, Inc.'s State Bankshares 401(k) Profit Sharing Plan reported $275M in total assets and 1,942 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #8,266 in Finance & Insurance (8,869 peers)

Coverage in North Dakota

State Bankshares 401(k) Profit Sharing Plan covers 1,942 participants in North Dakota, 3.8x the typical North Dakota plan (state average ~504 per filing). Assets: $275M.

#8,266
in Finance & Insurance (8,869 peers)
+22.8%
assets growth YoY
2.8×
vs typical plan assets (national mean)

State Bankshares 401(k) Profit Sharing Plan's outsized position by total assets

State Bankshares 401(k) Profit Sharing Plan vs every filed plan by assets

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

$275,361,058 Top 4% higher than 96% 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

State Bankshares 401(k) Profit Sharing Plan'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. State Bankshares 401(k) Profit Sharing Plan lands in the large band (1,942 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • State Bankshares 401(k) Profit Sharing Plan reported net income rose from -$28M in the plan year 2022 filing to $51M in the plan year 2023 filing.
  • State Bankshares 401(k) Profit Sharing Plan end-of-year assets rose from $224M in the plan year 2022 filing to $275M in the plan year 2023 filing.
  • State Bankshares 401(k) Profit Sharing Plan reported participants rose from 1,772 in the plan year 2022 filing to 1,942 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 450412162 · State Bankshares, Inc. PY 2023 · 401(k)

State Bankshares 401(k) Profit Sharing Plan · $275M · 1,942 · 96th

  • IND $275M
  • EOY 1,942
  • 5500 96th
  • ASSETS 401(k)
  • PCT near Sally Beauty 401(k) and Profit Sharing Plan
  • EIN ind #8266

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 North Dakota →

State Bankshares 401(k) Profit Sharing Plan in the asset neighbourhood

Children's Health System, Inc. 401(k) PlanChildren's Health System, In…$275MState Bankshares 401(k) Profit Sharing PlanState Bankshares 401(k) Prof…$275MSally Beauty 401(k) and Profit Sharing PlanSally Beauty 401(k) and Prof…$275MMidwest Radiology P.a. Profit Sharing PlanMidwest Radiology P.a. Profi…$275MCalumet Gp, LLC Retirement Savings PlanCalumet Gp, LLC Retirement S…$275M
End-of-year total assets ($M) among State Bankshares 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Dakota filing particulars

Total Assets (Beginning of Year)$224M
Net Assets (End of Year)$275M
Net Income$51M
Employer EIN450412162
Plan Effective Date1983-12-20
Filing StatusFILING RECEIVED

Sponsor Plan History (State Bankshares, Inc.)

Sponsor-wide plan assets over time

All State Bankshares, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$397M 30.38507359433517% vs 2022
2024 filing year
$250M$300M$350M$400M$450M 202220232024 $305M $397M ▲ +30.4%
Year Plans Participants Total Assets
2022 2 3,204 $305M
2023 2 3,559 $351M
2024 2 3,608 $397M

Nearby 401(k) Plans in North Dakota

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

State Bankshares 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants Scatter plot of 6 data points. 010000200003000040000 01234 Total assets ($B) Participants State Bankshares 401(k) Profit Sharing Plan, Total assets ($B): 0.275361058 · Participants: 1942State Bankshares 401(k) Profit Sharing PlanSanford Retirement Savings Plan, Total assets ($B): 3.110361496 · Participants: 30495Sanford Retirement Savings PlanMdu Resources Group, Inc. 401(k) Retirement Plan, Total assets ($B): 0.829880488 · Participants: 8551Mdu Resources Group, Inc. 401(k) Retirement PlanKnife River Corporation 401(k) Retirement Plan, Total assets ($B): 0.7412361 · Participants: 5269Knife River Corporation 401(k) Retirement PlanDakotas Areawide IBEW-NECA Savings and Retirement Plan, Total assets ($B): 0.521170291 · Participants: 3853Dakotas Areawide IBEW-NECA Savings and Retirement PlanEide Bailly LLP 401(k) Profit Sharing Plan, Total assets ($B): 0.512524705 · Participants: 2920Eide Bailly LLP 401(k) Profit Sharing Plan
State Bankshares 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants
Compare State Bankshares 401(k) Profit Sharing Plan side-by-side with 3 peers →

State Bankshares 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside North Dakota, the nearest 401(k) by assets is Sally Beauty 401(k) and Profit Sharing Plan in TX ($275M); by covered participants it is Ingredion Incorporated Retirement Savings Plan for Salaried Employees in IL (1,942 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($275M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,942 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 State Bankshares 401(k) Profit Sharing Plan assets move in 2023? ▼
State Bankshares 401(k) Profit Sharing Plan grew sharply - up 22.8% during 2023, from $224M to $275M. Reported net income was $51M.
How have State Bankshares, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), State Bankshares, Inc.'s sponsor-wide assets grew 30.4%, from $305M to $397M.
Where does State Bankshares 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
State Bankshares 401(k) Profit Sharing Plan ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to State Bankshares 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Sally Beauty 401(k) and Profit Sharing Plan in TX ($275M, 17,873 participants).
Which 401(k) plans cover a similar participant headcount to State Bankshares 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Ingredion Incorporated Retirement Savings Plan for Salaried Employees in IL (1,942 participants, $577M 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 450412162.

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.