401(k) · DOL Form 5500 · 2024
Banner Engineering Corp 401(k) Plan
Data updated 2026-08-25
- $192M
- Total assets Near avg plan size
- 997
- Participants Near avg headcount
- 94th
- Percentile by assets National rank
- $192,137
- Avg per participant Above avg balance/head
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.
- #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.
- #16,191
- in Manufacturing (17,777 peers)
- +8.7%
- assets growth YoY
- 1.9×
- vs typical plan assets (national mean)
Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust's outsized position by total assets
Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$191,560,863 Top 6% higher than 94% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust among mid-size filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust sits mid-pack in the medium band (997 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- 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.
Plan-year Form 5500 strip
Filing strip 410907221 · Banner Engineering Corp PY 2024 · 401(k)
Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust · $192M · 997 · 94th
- BOY $192M
- SCH 997
- EBSA 94th
- PART 401(k)
- TYPE near Goto Technologies USA, LLC 401(k) Plan
- NET ind #16191
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 Manufacturing retirement plans → · Plans in Minnesota →
Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Banner Engineering Corp plans reported in each filing year
- Latest sponsor-wide plan assets
- $192M 22.05916334427679% vs 2022
- 2024 filing year
| 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.
- 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
Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust's out-of-state 401(k) peers by assets and headcount
Outside Minnesota, the nearest 401(k) by assets is Goto Technologies USA, LLC 401(k) Plan in MA ($192M); by covered participants it is Wahl Clipper Corporation 401(k) Profit Sharing Plan in IL (997 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($192M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (997 participants); asset peers above are excluded.
- Wahl Clipper Corporation 401(k) Profit Sharing Plan (IL) 997 · 0 off
- The Wolak Group 401(k) Plan (ME) 997 · 0 off
- The Gun Lake Tribal Gaming Authority 401(k) Retirement Plan (MI) 997 · 0 off
- Npl Construction Co. 401(k) Plan (AZ) 997 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.