401(k) · DOL Form 5500 · 2024

Bank Forward 401(k) Plan

Data updated 2026-08-25

$35M
Total assets Below avg plan size
228
Participants Below avg headcount
80th
Percentile by assets National rank
$153,827
Avg per participant Above avg balance/head
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Official DOL plan name: Bank Forward 401(k) Plan and Trust · Sponsored by Bank Forward · North Dakota · Finance & Insurance

$35M in assets, 228 participants

Bank Forward's Bank Forward 401(k) Plan and Trust reported $35M in total assets and 228 participants in its 2024 DOL Form 5500 filing, ranking in the 80th 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.

  • #5,830 in Finance & Insurance (8,549 peers)

Coverage in North Dakota

Bank Forward 401(k) Plan and Trust covers 228 participants in North Dakota, about 45% of the average North Dakota filer (state average ~504 per filing). Assets: $35M.

#5,830
in Finance & Insurance (8,549 peers)
+16.3%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Bank Forward 401(k) Plan and Trust's outsized position by total assets

Bank Forward 401(k) Plan and Trust vs every filed plan by assets

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

$35,072,452 Top 20% higher than 80% 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

Bank Forward 401(k) 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. Bank Forward 401(k) Plan and Trust sits mid-pack in the medium band (228 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Bank Forward 401(k) Plan and Trust end-of-year assets rose from $30M in the plan year 2023 filing to $35M in the plan year 2024 filing.
  • Bank Forward 401(k) Plan and Trust reported net income fell from $5M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • Bank Forward 401(k) Plan and Trust reported participants rose from 223 in the plan year 2023 filing to 228 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 450192700 · Bank Forward PY 2024 · 401(k)

Bank Forward 401(k) Plan and Trust · $35M · 228 · 80th

  • EIN $35M
  • EIN 228
  • EIN 80th
  • EIN 401(k)
  • EIN near The Jaco 401(k) Retirement Plan
  • EIN ind #5830

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 →

Bank Forward 401(k) Plan and Trust in the asset neighbourhood

Railroad Construction Company, Inc. 401(k) PlanRailroad Construction Compan…$35MBank Forward 401(k) Plan and TrustBank Forward 401(k) Plan and…$35MThe Jaco 401(k) Retirement PlanThe Jaco 401(k) Retirement P…$35MThe Hiebing Group, Inc. Retirement Savings and Profit Sharing TrustThe Hiebing Group, Inc. Reti…$35MBurke Distributing Corporation 401(k) Profit Sharing PlanBurke Distributing Corporati…$35M
End-of-year total assets ($M) among Bank Forward 401(k) Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

North Dakota filing particulars

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$35M
Net Income$5M
Employer EIN450192700
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bank Forward)

Sponsor-wide plan assets over time

All Bank Forward plans reported in each filing year

Latest sponsor-wide plan assets
$82M 36.238237194996096% vs 2022
2024 filing year
$50M$60M$70M$80M$90M 202220232024 $60.3M $82.1M ▲ +36.2%
Year Plans Participants Total Assets
2022 2 434 $60M
2023 2 425 $72M
2024 2 430 $82M

Nearby 401(k) Plans in North Dakota

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

Bank Forward 401(k) Plan and Trust vs. nearby 401(k) plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -101234 Total assets ($B) Participants Bank Forward 401(k) Plan and Trust, Total assets ($B): 0.035072452 · Participants: 228Bank Forward 401(k) Plan and TrustSanford 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
Bank Forward 401(k) Plan and Trust vs. nearby 401(k) plans in North Dakota, assets vs. participants
Compare Bank Forward 401(k) Plan and Trust side-by-side with 3 peers →

Bank Forward 401(k) Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside North Dakota, the nearest 401(k) by assets is The Jaco 401(k) Retirement Plan in DC ($35M); by covered participants it is Bell Incorporated Employees Profit Sharing Plan in GA (228 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (228 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 Bank Forward 401(k) Plan and Trust assets move in 2024? ▼
Bank Forward 401(k) Plan and Trust grew sharply - up 16.3% during 2024, from $30M to $35M. Reported net income was $5M.
How have Bank Forward plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bank Forward's sponsor-wide assets grew 36.2%, from $60M to $82M.
Where does Bank Forward 401(k) Plan and Trust rank by assets among Form 5500 filers? ▼
Bank Forward 401(k) Plan and Trust ranks in the 80th 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 Bank Forward 401(k) Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is The Jaco 401(k) Retirement Plan in DC ($35M, 119 participants).
Which 401(k) plans cover a similar participant headcount to Bank Forward 401(k) Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Bell Incorporated Employees Profit Sharing Plan in GA (228 participants, N/A 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 450192700.

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.