401(k) · DOL Form 5500 · 2023

Premier Banks Retirement Fund 401(k) Plan

Data updated 2026-08-25

$27M
Total assets Below avg plan size
191
Participants Below avg headcount
78th
Percentile by assets National rank
$142,071
Avg per participant Near avg balance/head
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Official DOL plan name: Premier Banks Retirement Plan · Sponsored by Premier Banks Retirement Fund · Minnesota · Finance & Insurance

$27M in assets, 191 participants

Premier Banks Retirement Fund's Premier Banks Retirement Plan reported $27M in total assets and 191 participants in its 2023 DOL Form 5500 filing, ranking in the 78th 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.

  • #5,859 in Finance & Insurance (8,869 peers)

Coverage in Minnesota

Premier Banks Retirement Plan covers 191 participants in Minnesota, about 17% of the average Minnesota filer (state average ~1,126 per filing). Assets: $27M.

#5,859
in Finance & Insurance (8,869 peers)
+16.1%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Premier Banks Retirement Plan's outsized position by total assets

Premier Banks Retirement Plan vs every filed plan by assets

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

$27,135,543 Top 22% higher than 78% 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

Premier Banks Retirement 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. Premier Banks Retirement Plan sits mid-pack in the medium band (191 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Premier Banks Retirement Plan reported net income rose from $272 in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Premier Banks Retirement Plan reported participants rose from N/A in the plan year 2022 filing to 191 in the plan year 2023 filing.
  • Premier Banks Retirement Plan end-of-year assets rose from $23M in the plan year 2022 filing to $27M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 926241580 · Premier Banks Retirement Fund PY 2023 · 401(k)

Premier Banks Retirement Plan · $27M · 191 · 78th

  • EOY $27M
  • EOY 191
  • EOY 78th
  • EOY 401(k)
  • EOY near Northgate Technologies, Inc. & Monaghan Medical Corp. Employee's Retirement & Savings Plan
  • EOY ind #5859

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 Minnesota →

Premier Banks Retirement Plan in the asset neighbourhood

Premier Banks Retirement Plan$27MNorthgate Technologies, Inc. & Monaghan Medical Corp. Employee's Retirement & Savings PlanNorthgate Technologies, Inc.…$27MPersonalized Beauty Discovery, Inc. 401(k) P/S PlanPersonalized Beauty Discover…$27MLake Shore Systems, Inc. 401(k) PlanLake Shore Systems, Inc. 401…$27MSambanova Systems, Inc. 401(k) PlanSambanova Systems, Inc. 401(…$27M
End-of-year total assets ($M) among Premier Banks Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$23M
Net Assets (End of Year)$27M
Net Income$4M
Employer EIN926241580
Plan Effective Date2022-12-08
Filing StatusFILING RECEIVED

Sponsor Plan History (Premier Banks Retirement Fund)

Sponsor-wide plan assets over time

All Premier Banks Retirement Fund plans reported in each filing year

Latest sponsor-wide plan assets
$32M 37.08757795445074% vs 2022
2024 filing year
$20M$25M$30M$35M 202220232024 $23.4M $32M ▲ +37.1%
Year Plans Participants Total Assets
2022 1 N/A $23M
2023 1 191 $27M
2024 1 196 $32M

Nearby 401(k) Plans in Minnesota

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

Premier Banks Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Premier Banks Retirement Plan, Total assets ($B): 0.027135543 · Participants: 191Premier Banks Retirement PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
Premier Banks Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Premier Banks Retirement Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest 401(k) by assets is Northgate Technologies, Inc. & Monaghan Medical Corp. Employee's Retirement & Savings Plan in NY ($27M); by covered participants it is Cwb Holdings, Inc. 401(k) Plan in CO (191 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (191 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 Premier Banks Retirement Plan assets move in 2023? ▼
Premier Banks Retirement Plan grew sharply - up 16.1% during 2023, from $23M to $27M. Reported net income was $4M.
How have Premier Banks Retirement Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Premier Banks Retirement Fund's sponsor-wide assets grew 37.1%, from $23M to $32M.
Where does Premier Banks Retirement Plan rank by assets among Form 5500 filers? ▼
Premier Banks Retirement Plan ranks in the 78th 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 Premier Banks Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Northgate Technologies, Inc. & Monaghan Medical Corp. Employee's Retirement & Savings Plan in NY ($27M, 228 participants).
Which 401(k) plans cover a similar participant headcount to Premier Banks Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Cwb Holdings, Inc. 401(k) Plan in CO (191 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 926241580.

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.