401(k) · DOL Form 5500 · 2023

Border States Industries, Inc. 401(k) Plan

Data updated 2026-08-11

$211M
Total assets
2,880
Participants
95th
Percentile by assets
$73,268
Avg per participant
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Official DOL plan name: Border States Electric Supply 401(k) Plan · Sponsored by Border States Industries, Inc. · North Dakota · Wholesale Trade

$211M in assets, 2,880 participants

Border States Industries, Inc.'s Border States Electric Supply 401(k) Plan reported $211M in total assets and 2,880 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • 95th percentile by assets (of 127,072 plans)
  • #6,067 in Wholesale Trade (6,309 peers)

Coverage in North Dakota

Border States Electric Supply 401(k) Plan covers 2,880 participants in North Dakota, 5.7x the typical North Dakota plan (state average ~504 per filing). Assets: $211M.

$211M
total plan assets (2023 EOY)
2,880
covered participants
95th
percentile by assets (of 127,072 plans)
$73,268
avg assets per participant

Where Border States Electric Supply 401(k) Plan sits by total assets

Border States Electric Supply 401(k) Plan vs every filed plan by assets

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

$211,012,090 Top 5% higher than 95% of 127,068 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Border States Electric Supply 401(k) Plan reported net income rose from -$16M in the plan year 2022 filing to $27M in the plan year 2023 filing.
  • Border States Electric Supply 401(k) Plan end-of-year assets rose from $165M in the plan year 2022 filing to $211M in the plan year 2023 filing.
  • Border States Electric Supply 401(k) Plan reported participants rose from 2,394 in the plan year 2022 filing to 2,880 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
North Dakota
Industry
Wholesale Trade

Participants vs North Dakota filers

In North Dakota, the average filing covers about 504 participants across 359 plans. Border States Electric Supply 401(k) Plan reports 2,880 participants - 5.7x that state average ($211M EOY assets).

North Dakota filing particulars

Total Assets (Beginning of Year)$165M
Net Assets (End of Year)$211M
Net Income$27M
Employer EIN450275004
Plan Effective Date2000-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Border States Industries, Inc.)

$1.2B$1.3B$1.4B$1.5B$1.6B$1.7B 202220232024 $1.27B $1.58B ▲ +24.4%
Total plan assets by year, all Border States Industries, Inc. plans on file
Year Plans Participants Total Assets
2022 2 5,175 $1.3B
2023 2 5,853 $1.4B
2024 2 6,351 $1.6B

Nearby 401(k) Plans in North Dakota

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

Border States Electric Supply 401(k) Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants

Border States Electric Supply 401(k) Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants Scatter plot of 6 data points. 010000200003000040000 01234 Total assets ($B) Participants Border States Electr…Sanford Retirement S…Mdu Resources Group,…Knife River Corporat…Dakotas Areawide IBE…Eide Bailly LLP 401(…
Border States Electric Supply 401(k) Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants
Compare Border States Electric Supply 401(k) Pla… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Border States Electric Supply 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Border States Electric Supply 401(k) Plan assets move in 2023? ▼
Border States Electric Supply 401(k) Plan grew sharply - up 28.2% during 2023, from $165M to $211M. Reported net income was $27M.
How have Border States Industries, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Border States Industries, Inc.'s sponsor-wide assets grew 24.4%, from $1.3B to $1.6B.
Where does Border States Electric Supply 401(k) Plan rank by assets among Form 5500 filers? ▼
Border States Electric Supply 401(k) Plan ranks in the 95th 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 Border States Electric Supply 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Spencer Fane Retirement Plan in MO ($211M, 621 participants).

Next read for Border States Electric Supply 401(k) Pla…

Filing takeaways

Ways to act on Border States Electric Supply 401(k) Plan's numbers.

  • By total assets, Border States Electric Supply 401(k) 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
  • Border States Industries, Inc.'s sponsor-wide assets have grown 24.4% since 2022 across 3 plan years on file. More Wholesale Trade 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 450275004.

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.