401(k) · DOL Form 5500 · 2024

Gate City Bank 401(k) Plan

Data updated 2026-08-25

$80M
Total assets Below avg plan size
755
Participants Near avg headcount
89th
Percentile by assets National rank
$105,499
Avg per participant Below avg balance/head
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Official DOL plan name: Gate City Bank Retirement Savings Plan · Sponsored by Gate City Bank · North Dakota · Finance & Insurance

$80M in assets, 755 participants

Gate City Bank's Gate City Bank Retirement Savings Plan reported $80M in total assets and 755 participants in its 2024 DOL Form 5500 filing, ranking in the 89th 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.

  • #7,049 in Finance & Insurance (8,549 peers)

Where Gate City Bank Retirement Savings Plan sits by assets

Gate City Bank Retirement Savings Plan sits in the top quartile of all filed plans by assets, $80M for 755 participants (~$105,499/participant), up 15.1% in 2024.

#7,049
in Finance & Insurance (8,549 peers)
+15.1%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Gate City Bank Retirement Savings Plan's outsized position by total assets

Gate City Bank Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$79,651,630 Top 11% higher than 89% of 123,620 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 2024

Gate City Bank Retirement Savings Plan 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. Gate City Bank Retirement Savings Plan sits mid-pack in the medium band (755 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Gate City Bank Retirement Savings Plan reported net income fell from $16M in the plan year 2023 filing to $10M in the plan year 2024 filing.
  • Gate City Bank Retirement Savings Plan end-of-year assets rose from $69M in the plan year 2023 filing to $80M in the plan year 2024 filing.
  • Gate City Bank Retirement Savings Plan reported participants fell from 768 in the plan year 2023 filing to 755 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 450138060 · Gate City Bank PY 2024 · 401(k)

Gate City Bank Retirement Savings Plan · $80M · 755 · 89th

  • SCH $80M
  • EBSA 755
  • PART 89th
  • TYPE 401(k)
  • NET near Iron Workers' Locals No. 15 & 424 Annuity Plan
  • BOOK ind #7049

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 North Dakota →

Gate City Bank Retirement Savings Plan in the asset neighbourhood

The Permanente 401(k) Retirement PlanThe Permanente 401(k) Retire…$80MWillcox & Savage, P.C. Profit-Sharing Retirement PlanWillcox & Savage, P.C. Profi…$80MGate City Bank Retirement Savings PlanGate City Bank Retirement Sa…$80MIron Workers' Locals No. 15 & 424 Annuity PlanIron Workers' Locals No. 15 …$80MMy Hr Pros 401(k) Plan$80M
End-of-year total assets ($M) among Gate City Bank Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$69M
Net Assets (End of Year)$80M
Net Income$10M
Employer EIN450138060
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Gate City Bank)

Sponsor-wide plan assets over time

All Gate City Bank plans reported in each filing year

Latest sponsor-wide plan assets
$80M 48.44326364836592% vs 2022
2024 filing year
$50M$60M$70M$80M$90M 202220232024 $53.7M $79.7M ▲ +48.4%
Year Plans Participants Total Assets
2022 1 729 $54M
2023 1 768 $69M
2024 1 755 $80M

Nearby 401(k) Plans in North Dakota

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

Gate City Bank Retirement Savings Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -101234 Total assets ($B) Participants Gate City Bank Retirement Savings Plan, Total assets ($B): 0.07965163 · Participants: 755Gate City Bank Retirement Savings PlanSanford Retirement Savings Plan, Total assets ($B): 3.602462001 · Participants: 31958Sanford Retirement Savings PlanKnife River Corporation 401(k) Retirement Plan, Total assets ($B): 0.856387415 · Participants: 5327Knife River Corporation 401(k) Retirement PlanMdu Resources Group, Inc. 401(k) Retirement Plan, Total assets ($B): 0.775551136 · Participants: 3465Mdu Resources Group, Inc. 401(k) Retirement PlanEide Bailly LLP 401(k) Profit Sharing Plan, Total assets ($B): 0.615317303 · Participants: 2920Eide Bailly LLP 401(k) Profit Sharing PlanOffutt Companies 401(k) Savings Plan, Total assets ($B): 0.591992052 · Participants: 5199Offutt Companies 401(k) Savings Plan
Gate City Bank Retirement Savings Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants
Compare Gate City Bank Retirement Savings Plan side-by-side with 3 peers →

Gate City Bank Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside North Dakota, the nearest 401(k) by assets is Iron Workers' Locals No. 15 & 424 Annuity Plan in CT ($80M); by covered participants it is Gsc Enterprises, Inc 401(k) Plan in TX (755 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($80M here).

Similar participant headcount

Nearest other-state filings by covered participants (755 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Gate City Bank Retirement Savings Plan assets move in 2024? ▼
Gate City Bank Retirement Savings Plan grew sharply - up 15.1% during 2024, from $69M to $80M. Reported net income was $10M.
How have Gate City Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Gate City Bank's sponsor-wide assets grew 48.4%, from $54M to $80M.
Where does Gate City Bank Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Gate City Bank Retirement Savings Plan ranks in the 89th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Gate City Bank Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Iron Workers' Locals No. 15 & 424 Annuity Plan in CT ($80M, 3,470 participants).
Which 401(k) plans cover a similar participant headcount to Gate City Bank Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Gsc Enterprises, Inc 401(k) Plan in TX (755 participants, $55M in assets).

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 450138060.

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.