401(k) · DOL Form 5500 · 2023

Bankwest, Inc. 401(k) Plan

Data updated 2026-08-25

$56M
Total assets Below avg plan size
354
Participants Below avg headcount
87th
Percentile by assets National rank
$158,565
Avg per participant Above avg balance/head
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Official DOL plan name: Bankwest 401(k) Plan · Sponsored by Bankwest, Inc. · South Dakota · Finance & Insurance

$56M in assets, 354 participants

Bankwest, Inc.'s Bankwest 401(k) Plan reported $56M in total assets and 354 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #7,055 in Finance & Insurance (8,869 peers)

Where Bankwest 401(k) Plan sits by assets

Bankwest 401(k) Plan sits in the top quartile of all filed plans by assets, $56M for 354 participants (~$158,565/participant), up 6.3% in 2023.

#7,055
in Finance & Insurance (8,869 peers)
+6.3%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Bankwest 401(k) Plan's outsized position by total assets

Bankwest 401(k) Plan vs every filed plan by assets

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

$56,132,146 Top 13% higher than 87% 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

Bankwest 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. Bankwest 401(k) Plan sits mid-pack in the medium band (354 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bankwest 401(k) Plan reported net income rose from -$3M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Bankwest 401(k) Plan end-of-year assets rose from $53M in the plan year 2022 filing to $56M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 460177475 · Bankwest, Inc. PY 2023 · 401(k)

Bankwest 401(k) Plan · $56M · 354 · 87th

  • 5500 $56M
  • 5500 354
  • 5500 87th
  • 5500 401(k)
  • 5500 near Seakr Engineering, Inc. 401(k) Plan
  • 5500 ind #7055

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 South Dakota →

Bankwest 401(k) Plan in the asset neighbourhood

Clayton, Dubilier & Rice Holdings, L.P. 401(k) Profit Sharing PlanClayton, Dubilier & Rice Hol…$56MBankwest 401(k) Plan$56MSeakr Engineering, Inc. 401(k) PlanSeakr Engineering, Inc. 401(…$56MThe Niello Company 401(k) Plan & TrustThe Niello Company 401(k) Pl…$56MWolverine Packing Company Flexible Compensation PlanWolverine Packing Company Fl…$56M
End-of-year total assets ($M) among Bankwest 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$53M
Net Assets (End of Year)$56M
Net Income$3M
Employer EIN460177475
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bankwest, Inc.)

Sponsor-wide plan assets over time

All Bankwest, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$59M 11.385219723293456% vs 2022
2024 filing year
$52M$54M$56M$58M$60M 202220232024 $52.8M $58.8M ▲ +11.4%
Year Plans Participants Total Assets
2022 1 353 $53M
2023 1 354 $56M
2024 1 370 $59M

Nearby 401(k) Plans in South Dakota

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

Bankwest 401(k) Plan vs. nearby 401(k) plans in South Dakota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 0200400600800 Total assets ($M) Participants Bankwest 401(k) Plan, Total assets ($M): 56.132146 · Participants: 354Bankwest 401(k) PlanBlack Hills Corporation 401(k) Retirement Savings Plan, Total assets ($M): 726.965765 · Participants: 2972Black Hills Corporation 401(k) Retirement Savings PlanGood Samaritan Society 401(k) Plan, Total assets ($M): 254.213431 · Participants: 12894Good Samaritan Society 401(k) PlanDaktronics, Inc. 401(k) Plan, Total assets ($M): 235.476974 · Participants: 2254Daktronics, Inc. 401(k) PlanPoet 401(k) Plan, Total assets ($M): 219.059384 · Participants: 2254Poet 401(k) PlanPremier 401(k) Plan, Total assets ($M): 215.996195 · Participants: 1913Premier 401(k) Plan
Bankwest 401(k) Plan vs. nearby 401(k) plans in South Dakota, assets vs. participants
Compare Bankwest 401(k) Plan side-by-side with 3 peers →

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

Outside South Dakota, the nearest 401(k) by assets is Seakr Engineering, Inc. 401(k) Plan in CO ($56M); by covered participants it is Bay Photo, Inc. 401(k) Plan in CA (354 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (354 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 Bankwest 401(k) Plan assets move in 2023? ▼
Bankwest 401(k) Plan grew at a solid clip - up 6.3% during 2023, from $53M to $56M. Reported net income was $3M.
How have Bankwest, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bankwest, Inc.'s sponsor-wide assets grew 11.4%, from $53M to $59M.
Where does Bankwest 401(k) Plan rank by assets among Form 5500 filers? ▼
Bankwest 401(k) Plan ranks in the 87th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Bankwest 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Seakr Engineering, Inc. 401(k) Plan in CO ($56M, 506 participants).
Which 401(k) plans cover a similar participant headcount to Bankwest 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Bay Photo, Inc. 401(k) Plan in CA (354 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 460177475.

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.