ESOP · DOL Form 5500 · 2024

Banning Engineering, Inc. ESOP

Data updated 2026-08-25

$5M
Total assets Small plan by assets
49
Participants Small participant base
42nd
Percentile by assets National rank
$102,245
Avg per participant Below avg balance/head
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Official DOL plan name: Banning Engineering Employee Stock Ownership Plan · Sponsored by Banning Engineering, Inc. · Indiana · Professional & Technical Services

$5M in assets, 49 participants

Banning Engineering, Inc.'s Banning Engineering Employee Stock Ownership Plan reported $5M in total assets and 49 participants in its 2024 DOL Form 5500 filing, ranking in the 42nd 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.

  • #7,974 in Professional & Technical Services (20,173 peers)

Banning Engineering, Inc. multi-year trail

Banning Engineering, Inc.'s plans moved +149.3% in assets from 2022 to 2024; this filing shows Banning Engineering Employee Stock Ownership Plan at $5M / 49 participants.

#7,974
in Professional & Technical Services (20,173 peers)
+52.3%
assets growth YoY

Banning Engineering Employee Stock Ownership Plan's mid-pack asset rank among Professional & Technical Services and all filers

Banning Engineering Employee Stock Ownership Plan vs every filed plan by assets

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

$5,010,000 42nd percentile higher than 42% 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

Banning Engineering Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Banning Engineering Employee Stock Ownership Plan is a small filing (49 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Banning Engineering Employee Stock Ownership Plan end-of-year assets rose from $3M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • Banning Engineering Employee Stock Ownership Plan reported net income rose from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Banning Engineering Employee Stock Ownership Plan reported participants rose from 48 in the plan year 2023 filing to 49 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 351918080 · Banning Engineering, Inc. PY 2024 · ESOP

Banning Engineering Employee Stock Ownership Plan · $5M · 49 · 42nd

  • PART $5M
  • PART 49
  • PART 42nd
  • PART ESOP
  • PART near Legacy Mechanical Group, Inc. Employee Stock Ownership Plan
  • PART ind #7974

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 What is an ESOP? → · Plans in Indiana →

Banning Engineering Employee Stock Ownership Plan in the asset neighbourhood

Banning Engineering Employee Stock Ownership PlanBanning Engineering Employee…$5MLegacy Mechanical Group, Inc. Employee Stock Ownership PlanLegacy Mechanical Group, Inc…$5MCallender Construction Company, Inc. Employee Stock Ownership PlanCallender Construction Compa…$5MThe Bank of Tescott Employee Stock Ownership Plan and TrustThe Bank of Tescott Employee…$5MAsco Sintering Co ESOP Money Purchase Pension PlanAsco Sintering Co ESOP Money…$5M
End-of-year total assets ($M) among Banning Engineering Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Banning Engineering, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Banning Engineering, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$5M 149.2537313432836% vs 2022
2024 filing year
$1M$2M$3M$4M$5M$6M 202220232024 $2.01M $5.01M ▲ +149.3%
Year Plans Participants Total Assets
2022 1 43 $2M
2023 1 48 $3M
2024 1 49 $5M

Banning Engineering, Inc. filing trail (2024)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)-$2M
Net Income$2M
Employer EIN351918080
Plan Effective Date2022-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Indiana

Peer ESOP plans, same state, same plan type, ranked by total assets.

Banning Engineering Employee Stock Ownership Plan vs. nearby ESOP plans in Indiana, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 -0.500.511.522.5 Total assets ($B) Participants Banning Engineering Employee Stock Ownership Plan, Total assets ($B): 0.00501 · Participants: 49Banning Engineering Employee Stock Ownership PlanJasper Holdings, Inc Employee Stock Ownership Plan and Trust, Total assets ($B): 2.185109137 · Participants: 4295Jasper Holdings, Inc Employee Stock Ownership Plan and TrustUrschel Laboratories Employee Stock Ownership Plan, Total assets ($B): 0.432438721 · Participants: 509Urschel Laboratories Employee Stock Ownership PlanNibco Inc. Employee Stock Ownership Plan, Total assets ($B): 0.376983564 · Participants: 1370Nibco Inc. Employee Stock Ownership PlanDucharme, Mcmillen & Associates, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.170278352 · Participants: 622Ducharme, Mcmillen & Associates, Inc. Employee Stock Ownership PlanErmco, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.151428287 · Participants: 123Ermco, Inc. Employee Stock Ownership Plan
Banning Engineering Employee Stock Ownership Plan vs. nearby ESOP plans in Indiana, assets vs. participants
Compare Banning Engineering Employee Stock Ownership Plan side-by-side with 3 peers →

Banning Engineering Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Indiana, the nearest ESOP by assets is Legacy Mechanical Group, Inc. Employee Stock Ownership Plan in OH ($5M); by covered participants it is X-Cel Tooling, Inc. Employee Stock Ownership Plan in WI (49 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (49 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 Banning Engineering Employee Stock Ownership Plan assets move in 2024? ▼
Banning Engineering Employee Stock Ownership Plan surged - up 52.3% during 2024, from $3M to $5M. Reported net income was $2M.
How have Banning Engineering, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Banning Engineering, Inc.'s sponsor-wide assets grew 149.3%, from $2M to $5M.
Which ESOP plans are similar in size to Banning Engineering Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Legacy Mechanical Group, Inc. Employee Stock Ownership Plan in OH ($5M, 190 participants).
Which ESOP plans cover a similar participant headcount to Banning Engineering Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is X-Cel Tooling, Inc. Employee Stock Ownership Plan in WI (49 participants, $23M 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 351918080.

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.