401(k) · DOL Form 5500 · 2024

Banner Engineering Corp 401(k) Plan

Data updated 2026-08-11

$192M
Total assets: 997
Participants: 94th
Percentile by assets: $192,137
Avg per participant

Official DOL plan name: Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust · Sponsored by Banner Engineering Corp · Minnesota · Manufacturing

$192M in assets, 997 participants

Banner Engineering Corp's Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust reported $192M in total assets and 997 participants in its 2024 DOL Form 5500 filing, ranking in the 94th 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.

94th percentile by assets (of 123,622 plans)
#16,191 in Manufacturing (17,777 peers)

Where Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust sits by assets

Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust sits in the top 10% of all filed plans by assets, $192M for 997 participants (~$192,137/participant), up 8.7% in 2024.

$192M
total plan assets (2024 EOY): 997
covered participants: 94th
percentile by assets (of 123,622 plans): $192,137
avg assets per participant

Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust reported participants fell from 1,468 in the plan year 2023 filing to 997 in the plan year 2024 filing.
Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust reported net income fell from $19M in the plan year 2023 filing to $15M in the plan year 2024 filing.
Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust end-of-year assets rose from $176M in the plan year 2023 filing to $192M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Minnesota

Industry

Manufacturing

Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust vs the 2024 asset distribution

By assets, Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust outranks 94% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.9x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$176M
Net Assets (End of Year)	$192M
Net Income	$15M
Employer EIN	410907221
Plan Effective Date	1976-08-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Banner Engineering Corp)

Total plan assets by year, all Banner Engineering Corp plans on file

Year	Plans	Participants	Total Assets
2022	1	1,288	$157M
2023	1	1,468	$176M
2024	1	997	$192M

Nearby 401(k) Plans in Minnesota

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

Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants

Wells Fargo & Company 401(k) Plan $57.9B · 179,076
Unitedhealth Group 401(k) Savings Plan $26.6B · 205,460
Target Corporation 401(k) Plan $14.4B · 409,649
Medtronic Savings and Investment Plan $13.7B · 38,480
U.S. Bank 401(k) Savings Plan $11.4B · 73,109

Compare Banner Engineering Corp. Profit Sharing … side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust by total assets, not by location.

Goto Technologies USA, LLC 401(k) Plan (MA) $192M · 1,354
The Philadelphia Inquirer, Pbc 401(k) Retirement Plan (PA) $191M · 578
G-III Apparel Group, Ltd. 401(k) Plan (NY) $192M · 1,663
Ub Greensfelder LLP Retirement/401(k) Plan (OH) $191M · 296

Frequently Asked Questions

How did Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust assets move in 2024? ▼

Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust grew at a solid clip - up 8.7% during 2024, from $176M to $192M. Reported net income was $15M.

How have Banner Engineering Corp plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Banner Engineering Corp's sponsor-wide assets grew 22.1%, from $157M to $192M.

Where does Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust rank by assets among Form 5500 filers? ▼

Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust ranks in the 94th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).

Which 401(k) plans are similar in size to Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust? ▼

Among 401(k) plans in other states, the closest by assets is Goto Technologies USA, LLC 401(k) Plan in MA ($192M, 1,354 participants).

Next read for Banner Engineering Corp. Profit Sharing …

Scale reading

Ways to act on Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust's numbers.

By total assets, Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
Banner Engineering Corp's sponsor-wide assets have grown 22.1% since 2022 across 3 plan years on file. More Manufacturing plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410907221.