401(k) · DOL Form 5500 · 2024
State Bankshares, Inc. 401(k) Plan
Data updated 2026-08-11
- $319M
- Total assets
- 1,908
- Participants
- 96th
- Percentile by assets
- $167,407
- Avg per participant
Official DOL plan name: State Bankshares 401(k) Profit Sharing Plan · Sponsored by State Bankshares, Inc. · North Dakota · Management of Enterprises
$319M in assets, 1,908 participants
State Bankshares, Inc.'s State Bankshares 401(k) Profit Sharing Plan reported $319M in total assets and 1,908 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.
- 96th percentile by assets (of 123,622 plans)
- #996 in Management of Enterprises (1,133 peers)
Coverage in North Dakota
State Bankshares 401(k) Profit Sharing Plan covers 1,908 participants in North Dakota, 3.8x the typical North Dakota plan (state average ~504 per filing). Assets: $319M.
- $319M
- total plan assets (2024 EOY)
- 1,908
- covered participants
- 96th
- percentile by assets (of 123,622 plans)
- $167,407
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- State Bankshares 401(k) Profit Sharing Plan end-of-year assets rose from $275M in the plan year 2023 filing to $319M in the plan year 2024 filing.
- State Bankshares 401(k) Profit Sharing Plan reported net income fell from $51M in the plan year 2023 filing to $44M in the plan year 2024 filing.
- State Bankshares 401(k) Profit Sharing Plan reported participants fell from 1,942 in the plan year 2023 filing to 1,908 in the plan year 2024 filing.
Participants vs North Dakota filers
In North Dakota, the average filing covers about 504 participants across 359 plans. State Bankshares 401(k) Profit Sharing Plan reports 1,908 participants - 3.8x that state average ($319M EOY assets).
North Dakota filing particulars
| Total Assets (Beginning of Year) | $275M |
|---|---|
| Net Assets (End of Year) | $319M |
| Net Income | $44M |
| Employer EIN | 450412162 |
| Plan Effective Date | 1983-12-20 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (State Bankshares, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 3,204 | $305M |
| 2023 | 2 | 3,559 | $351M |
| 2024 | 2 | 3,608 | $397M |
Nearby 401(k) Plans in North Dakota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
State Bankshares 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants
- Sanford Retirement Savings Plan $3.6B · 31,958
- Knife River Corporation 401(k) Retirement Plan $856M · 5,327
- Mdu Resources Group, Inc. 401(k) Retirement Plan $776M · 3,465
- Eide Bailly LLP 401(k) Profit Sharing Plan $615M · 2,920
- Offutt Companies 401(k) Savings Plan $592M · 5,199
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to State Bankshares 401(k) Profit Sharing Plan by total assets, not by location.
- Homeservices Retirement Savings Plan (MN) $319M · 4,594
- Sgs North America Inc. 401(k) Plan (NJ) $319M · 3,200
- Alfa Laval Retirement Savings Plan (VA) $319M · 1,800
- Americold Logistics Employee Savings and Investment Plan (GA) $320M · 10,413
Frequently Asked Questions
How did State Bankshares 401(k) Profit Sharing Plan assets move in 2024? ▼
How have State Bankshares, Inc. plan assets changed over time? ▼
Where does State Bankshares 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to State Bankshares 401(k) Profit Sharing Plan? ▼
Next read for State Bankshares 401(k) Profit Sharing P…
Filing takeaways
Ways to act on State Bankshares 401(k) Profit Sharing Plan's numbers.
- By total assets, State Bankshares 401(k) Profit Sharing Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in North Dakota. Compare plans
- State Bankshares, Inc.'s sponsor-wide assets have grown 30.4% since 2022 across 3 plan years on file. More Management of Enterprises plans