401(k) · DOL Form 5500 · 2023

Border States Industries, Inc. 401(k) Plan

Data updated 2026-08-25

$211M
Total assets Near avg plan size
2,880
Participants Above avg headcount
95th
Percentile by assets National rank
$73,268
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#6,067
in Wholesale Trade (6,309 peers)
+28.2%
assets growth YoY
2.1×
vs typical plan assets (national mean)

Border States Electric Supply 401(k) Plan's outsized position 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 $2,050,000,000 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

Border States Electric Supply 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Border States Electric Supply 401(k) Plan lands in the large band (2,880 participants).

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 →

DOL schedule card

Filing strip 450275004 · Border States Industries, Inc. PY 2023 · 401(k)

Border States Electric Supply 401(k) Plan · $211M · 2,880 · 95th

  • PART $211M
  • TYPE 2,880
  • NET 95th
  • BOOK 401(k)
  • VS-ST near Spencer Fane Retirement Plan
  • BOY ind #6067

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 Wholesale Trade retirement plans → · Plans in North Dakota →

Border States Electric Supply 401(k) Plan in the asset neighbourhood

Unity Technologies 401(k) PlanUnity Technologies 401(k) Pl…$211MEmployer Flexible 401(k) Plan$211MBorder States Electric Supply 401(k) PlanBorder States Electric Suppl…$211MSpencer Fane Retirement Plan$211MMy Savings Plan (Union)$211M
End-of-year total assets ($M) among Border States Electric Supply 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

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.)

Sponsor-wide plan assets over time

All Border States Industries, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.6B 24.35046408252673% vs 2022
2024 filing year
$1.2B$1.3B$1.4B$1.5B$1.6B$1.7B 202220232024 $1.27B $1.58B ▲ +24.4%
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 Scatter plot of 6 data points. 010000200003000040000 01234 Total assets ($B) Participants Border States Electric Supply 401(k) Plan, Total assets ($B): 0.21101209 · Participants: 2880Border States Electric Supply 401(k) PlanSanford Retirement Savings Plan, Total assets ($B): 3.110361496 · Participants: 30495Sanford Retirement Savings PlanMdu Resources Group, Inc. 401(k) Retirement Plan, Total assets ($B): 0.829880488 · Participants: 8551Mdu Resources Group, Inc. 401(k) Retirement PlanKnife River Corporation 401(k) Retirement Plan, Total assets ($B): 0.7412361 · Participants: 5269Knife River Corporation 401(k) Retirement PlanDakotas Areawide IBEW-NECA Savings and Retirement Plan, Total assets ($B): 0.521170291 · Participants: 3853Dakotas Areawide IBEW-NECA Savings and Retirement PlanEide Bailly LLP 401(k) Profit Sharing Plan, Total assets ($B): 0.512524705 · Participants: 2920Eide Bailly LLP 401(k) Profit Sharing Plan
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) Plan side-by-side with 3 peers →

Border States Electric Supply 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Dakota, the nearest 401(k) by assets is Spencer Fane Retirement Plan in MO ($211M); by covered participants it is 401(k) Plan for Employees of Jri in MA (2,882 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($211M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,880 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 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).
Which 401(k) plans cover a similar participant headcount to Border States Electric Supply 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is 401(k) Plan for Employees of Jri in MA (2,882 participants, $55M 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 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.