ESOP · DOL Form 5500 · 2023

Banik Communications, Inc. ESOP

Data updated 2026-08-25

$350K
Total assets Small plan by assets
3
Participants Small participant base
15th
Percentile by assets National rank
$116,801
Avg per participant Below avg balance/head
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Official DOL plan name: Banik Communications, Inc. Employee Stock Ownership Plan · Sponsored by Banik Communications, Inc. · Montana · Professional & Technical Services

$350K in assets, 3 participants

Banik Communications, Inc.'s Banik Communications, Inc. Employee Stock Ownership Plan reported $350K in total assets and 3 participants in its 2023 DOL Form 5500 filing, ranking in the 15th 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.

  • #2,310 in Professional & Technical Services (20,321 peers)

Banik Communications, Inc. multi-year trail

Banik Communications, Inc.'s plans moved -12.5% in assets from 2022 to 2024; this filing shows Banik Communications, Inc. Employee Stock Ownership Plan at $350K / 3 participants.

#2,310
in Professional & Technical Services (20,321 peers)
+0.0%
assets growth YoY

Banik Communications, Inc. Employee Stock Ownership Plan among the smaller filed plans by assets

Banik Communications, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$350,404 15th percentile higher than 15% 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

Banik Communications, Inc. Employee Stock Ownership Plan among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Banik Communications, Inc. Employee Stock Ownership Plan is a micro filing (3 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Banik Communications, Inc. Employee Stock Ownership Plan reported net income fell from $60K in the plan year 2022 filing to $38K in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 810383819 · Banik Communications, Inc. PY 2023 · ESOP

Banik Communications, Inc. Employee Stock Ownership Plan · $350K · 3 · 15th

  • TYPE $350K
  • NET 3
  • BOOK 15th
  • VS-ST ESOP
  • BOY near Pacific Southwest Irrigation Corp Employee Stock Ownership Plan
  • SCH ind #2310

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 What is an ESOP? → · Plans in Montana →

Banik Communications, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Banik Communications, Inc. Employee Stock Ownership PlanBanik Communications, Inc. E…$350KPacific Southwest Irrigation Corp Employee Stock Ownership PlanPacific Southwest Irrigation…$350KN.a.F.T.a. Distributors Employee Stock Ownership PlanN.a.F.T.a. Distributors Empl…$350KTompkins Service Company Employee Stock Ownership and Profit Sharing PlanTompkins Service Company Emp…$347KTompkins Service Company Employee Stock Ownership and Profit Sharing PlanTompkins Service Company Emp…$347K
End-of-year total assets ($M) among Banik Communications, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Banik Communications, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Banik Communications, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$307K 12.496432689124553% vs 2022
2024 filing year
$0.3M$0.32M$0.34M$0.36M 202220232024 $0.35M $0.31M ▼ -11.4%
Year Plans Participants Total Assets
2022 1 3 $350K
2023 1 3 $350K
2024 1 3 $307K

Banik Communications, Inc. filing trail (2023)

Total Assets (Beginning of Year)$350K
Net Assets (End of Year)$350K
Net Income$38K
Employer EIN810383819
Plan Effective Date2007-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Montana

Peer ESOP plans, same state, same plan type, ranked by total assets.

Banik Communications, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Montana, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 -1000100200300400500 Total assets ($M) Participants Banik Communications, Inc. Employee Stock Ownership Plan, Total assets ($M): 0.350404 · Participants: 3Banik Communications, Inc. Employee Stock Ownership PlanPacific Hide & Fur Depot D/B/a Pacific Steel & Recycling ESOP, Total assets ($M): 441.768786 · Participants: 824Pacific Hide & Fur Depot D/B/a Pacific Steel & Recycling ESOPD.a. Davidson Companies Employee Stock Ownership Plan, Total assets ($M): 149.547346 · Participants: 1474D.a. Davidson Companies Employee Stock Ownership PlanElectrical Consultants, Inc. Employee Stock Ownership Plan, Total assets ($M): 81.207033 · Participants: 720Electrical Consultants, Inc. Employee Stock Ownership PlanMorrison-Maierle, Inc. Employee Stock Ownership Plan, Total assets ($M): 73.232679 · Participants: 278Morrison-Maierle, Inc. Employee Stock Ownership PlanSletten, Inc. Employee Stock Ownership Plan, Total assets ($M): 71.920975 · Participants: 303Sletten, Inc. Employee Stock Ownership Plan
Banik Communications, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Montana, assets vs. participants
Compare Banik Communications, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Banik Communications, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Montana, the nearest ESOP by assets is Pacific Southwest Irrigation Corp Employee Stock Ownership Plan in CA ($350K); by covered participants it is Southern Community Bancshares, Inc. ESOP in AL (3 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3 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 Banik Communications, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Banik Communications, Inc. Employee Stock Ownership Plan held essentially flat - up 0.0% during 2023, from $350K to $350K. Reported net income was $38K.
How have Banik Communications, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Banik Communications, Inc.'s sponsor-wide assets declined 12.5%, from $350K to $307K.
Where does Banik Communications, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Banik Communications, Inc. Employee Stock Ownership Plan ranks in the 15th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which ESOP plans are similar in size to Banik Communications, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Pacific Southwest Irrigation Corp Employee Stock Ownership Plan in CA ($350K, 41 participants).
Which ESOP plans cover a similar participant headcount to Banik Communications, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Southern Community Bancshares, Inc. ESOP in AL (3 participants, $2M 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 810383819.

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.