401(k) · DOL Form 5500 · 2023

State Bankshares, Inc. 401(k) Plan

Data updated 2026-08-11

$275M
Total assets: 1,942
Participants: 96th
Percentile by assets: $141,793
Avg per participant

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.

96th percentile by assets (of 127,072 plans)
#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.

$275M
total plan assets (2023 EOY): 1,942
covered participants: 96th
percentile by assets (of 127,072 plans): $141,793
avg assets per participant

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 →

State

North Dakota

Industry

Finance & Insurance

Participants vs North Dakota filers

In North Dakota, the average filing covers about 504 participants across 359 plans. State Bankshares 401(k) Profit Sharing Plan reports 1,942 participants - 3.8x that state average ($275M EOY assets).

North Dakota filing particulars

Total Assets (Beginning of Year)	$224M
Net Assets (End of Year)	$275M
Net Income	$51M
Employer EIN	450412162
Plan Effective Date	1983-12-20
Filing Status	FILING RECEIVED

Sponsor Plan History (State Bankshares, Inc.)

Total plan assets by year, all State Bankshares, Inc. plans on file

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

Sanford Retirement Savings Plan $3.1B · 30,495
Mdu Resources Group, Inc. 401(k) Retirement Plan $830M · 8,551
Knife River Corporation 401(k) Retirement Plan $741M · 5,269
Dakotas Areawide IBEW-NECA Savings and Retirement Plan $521M · 3,853
Eide Bailly LLP 401(k) Profit Sharing Plan $513M · 2,920

Compare State Bankshares 401(k) Profit Sharing P… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to State Bankshares 401(k) Profit Sharing Plan by total assets, not by location.

Sally Beauty 401(k) and Profit Sharing Plan (TX) $275M · 17,873
Midwest Radiology P.a. Profit Sharing Plan (MN) $275M · 380
Calumet Gp, LLC Retirement Savings Plan (IN) $275M · 1,529
Children's Health System, Inc. 401(k) Plan (VA) $275M · 3,891

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).

Next read for State Bankshares 401(k) Profit Sharing P…

Filing takeaways

Ways to act on State Bankshares 401(k) Profit Sharing Plan's numbers.

By total assets, State Bankshares 401(k) Profit Sharing Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in North Dakota. Compare plans
State Bankshares, Inc.'s sponsor-wide assets have grown 30.4% since 2022 across 3 plan years on file. More Finance & Insurance 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 450412162.