401(k) · DOL Form 5500 · 2023

Parkway Bancorp, Inc. 401(k) Plan

Data updated 2026-08-25

$29M
Total assets Below avg plan size
314
Participants Below avg headcount
79th
Percentile by assets National rank
$91,991
Avg per participant Below avg balance/head
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Official DOL plan name: Parkway Bancorp, Inc. 401(k) Plan · Sponsored by Parkway Bancorp, Inc. · Illinois · Management of Enterprises

$29M in assets, 314 participants

Parkway Bancorp, Inc.'s Parkway Bancorp, Inc. 401(k) Plan reported $29M in total assets and 314 participants in its 2023 DOL Form 5500 filing, ranking in the 79th 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.

  • #669 in Management of Enterprises (1,137 peers)

Coverage in Illinois

Parkway Bancorp, Inc. 401(k) Plan covers 314 participants in Illinois, about 40% of the average Illinois filer (state average ~779 per filing). Assets: $29M.

#669
in Management of Enterprises (1,137 peers)
+12.5%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Parkway Bancorp, Inc. 401(k) Plan's outsized position by total assets

Parkway Bancorp, Inc. 401(k) Plan vs every filed plan by assets

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

$28,885,293 Top 21% higher than 79% 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

Parkway Bancorp, Inc. 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. Parkway Bancorp, Inc. 401(k) Plan sits mid-pack in the medium band (314 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Parkway Bancorp, Inc. 401(k) Plan reported net income rose from -$4M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Parkway Bancorp, Inc. 401(k) Plan end-of-year assets rose from $26M in the plan year 2022 filing to $29M in the plan year 2023 filing.
  • Parkway Bancorp, Inc. 401(k) Plan reported participants rose from 306 in the plan year 2022 filing to 314 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 362694975 · Parkway Bancorp, Inc. PY 2023 · 401(k)

Parkway Bancorp, Inc. 401(k) Plan · $29M · 314 · 79th

  • ASSETS $29M
  • PCT 314
  • EIN 79th
  • RANK 401(k)
  • PHOTO near Center for Organ Recovery & Education 401(k) Profit Sharing Plan
  • IND ind #669

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 Management of Enterprises retirement plans → · Plans in Illinois →

Parkway Bancorp, Inc. 401(k) Plan in the asset neighbourhood

Parkway Bancorp, Inc. 401(k) PlanParkway Bancorp, Inc. 401(k)…$29MMoneytree, Inc. Profit Sharing and 401(k) PlanMoneytree, Inc. Profit Shari…$29MMcgee Brothers Co., Inc. 401(k) Retirement PlanMcgee Brothers Co., Inc. 401…$29MCenter for Organ Recovery & Education 401(k) Profit Sharing PlanCenter for Organ Recovery & …$29MFxcollaborative Architects LLP Profit Sharing & Incentive Savings PlanFxcollaborative Architects L…$29M
End-of-year total assets ($M) among Parkway Bancorp, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$26M
Net Assets (End of Year)$29M
Net Income$3M
Employer EIN362694975
Plan Effective Date1994-12-31
Filing StatusFILING RECEIVED

Sponsor Plan History (Parkway Bancorp, Inc.)

Sponsor-wide plan assets over time

All Parkway Bancorp, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$32M 23.9213645611393% vs 2022
2024 filing year
$24M$26M$28M$30M$32M$34M 202220232024 $25.7M $31.8M ▲ +23.9%
Year Plans Participants Total Assets
2022 1 306 $26M
2023 1 314 $29M
2024 1 307 $32M

Nearby 401(k) Plans in Illinois

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

Parkway Bancorp, Inc. 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants Parkway Bancorp, Inc. 401(k) Plan, Total assets ($B): 0.028885293 · Participants: 314Parkway Bancorp, Inc. 401(k) PlanAccenture United States 401(k) Match Savings Plan, Total assets ($B): 17.594548115 · Participants: 69974Accenture United States 401(k) Match Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 16.935002041 · Participants: 60246State Farm 401(k) Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 14.496191 · Participants: 38012Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 14.367975914 · Participants: 14959United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 13.444551767 · Participants: 235331Walgreens Retirement Savings Plan
Parkway Bancorp, Inc. 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Parkway Bancorp, Inc. 401(k) Plan side-by-side with 3 peers →

Parkway Bancorp, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Center for Organ Recovery & Education 401(k) Profit Sharing Plan in PA ($29M); by covered participants it is Bank of Ann Arbor Employees 401(k) Profit Sharing Plan in MI (314 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (314 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 Parkway Bancorp, Inc. 401(k) Plan assets move in 2023? ▼
Parkway Bancorp, Inc. 401(k) Plan grew at a solid clip - up 12.5% during 2023, from $26M to $29M. Reported net income was $3M.
How have Parkway Bancorp, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Parkway Bancorp, Inc.'s sponsor-wide assets grew 23.9%, from $26M to $32M.
Where does Parkway Bancorp, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Parkway Bancorp, Inc. 401(k) Plan ranks in the 79th 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 Parkway Bancorp, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Center for Organ Recovery & Education 401(k) Profit Sharing Plan in PA ($29M, 154 participants).
Which 401(k) plans cover a similar participant headcount to Parkway Bancorp, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Bank of Ann Arbor Employees 401(k) Profit Sharing Plan in MI (314 participants, $57M 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 362694975.

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.