401(k) · DOL Form 5500 · 2024

State Bankshares, Inc. 401(k) Plan

Data updated 2026-08-25

$319M
Total assets Above avg plan size
1,908
Participants Near avg headcount
96th
Percentile by assets National rank
$167,407
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#996
in Management of Enterprises (1,133 peers)
+16.0%
assets growth YoY
3.2×
vs typical plan assets (national mean)

State Bankshares 401(k) Profit Sharing Plan's outsized position by total assets

State Bankshares 401(k) Profit Sharing Plan vs every filed plan by assets

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

$319,412,964 Top 4% higher than 96% 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

State Bankshares 401(k) Profit Sharing Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. State Bankshares 401(k) Profit Sharing Plan lands in the large band (1,908 participants).

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.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 450412162 · State Bankshares, Inc. PY 2024 · 401(k)

State Bankshares 401(k) Profit Sharing Plan · $319M · 1,908 · 96th

  • IND $319M
  • IND 1,908
  • IND 96th
  • IND 401(k)
  • IND near Homeservices Retirement Savings Plan
  • IND ind #996

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 Management of Enterprises retirement plans → · Plans in North Dakota →

State Bankshares 401(k) Profit Sharing Plan in the asset neighbourhood

Americold Logistics Employee Savings and Investment PlanAmericold Logistics Employee…$320MState Bankshares 401(k) Profit Sharing PlanState Bankshares 401(k) Prof…$319MHomeservices Retirement Savings PlanHomeservices Retirement Savi…$319MSgs North America Inc. 401(k) PlanSgs North America Inc. 401(k…$319MAlfa Laval Retirement Savings PlanAlfa Laval Retirement Saving…$319M
End-of-year total assets ($M) among State Bankshares 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

North Dakota filing particulars

Total Assets (Beginning of Year)$275M
Net Assets (End of Year)$319M
Net Income$44M
Employer EIN450412162
Plan Effective Date1983-12-20
Filing StatusFILING RECEIVED

Sponsor Plan History (State Bankshares, Inc.)

Sponsor-wide plan assets over time

All State Bankshares, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$397M 30.38507359433517% vs 2022
2024 filing year
$250M$300M$350M$400M$450M 202220232024 $305M $397M ▲ +30.4%
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 Scatter plot of 6 data points. 010000200003000040000 01234 Total assets ($B) Participants State Bankshares 401(k) Profit Sharing Plan, Total assets ($B): 0.319412964 · Participants: 1908State Bankshares 401(k) Profit Sharing 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
State Bankshares 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants
Compare State Bankshares 401(k) Profit Sharing Plan side-by-side with 3 peers →

State Bankshares 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside North Dakota, the nearest 401(k) by assets is Homeservices Retirement Savings Plan in MN ($319M); by covered participants it is Ki 401(k) Savings Plan in WI (1,908 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($319M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,908 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 State Bankshares 401(k) Profit Sharing Plan assets move in 2024? ▼
State Bankshares 401(k) Profit Sharing Plan grew sharply - up 16.0% during 2024, from $275M to $319M. Reported net income was $44M.
How have State Bankshares, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), State Bankshares, Inc.'s sponsor-wide assets grew 30.4%, from $305M to $397M.
Where does State Bankshares 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
State Bankshares 401(k) Profit Sharing Plan ranks in the 96th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to State Bankshares 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Homeservices Retirement Savings Plan in MN ($319M, 4,594 participants).
Which 401(k) plans cover a similar participant headcount to State Bankshares 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Ki 401(k) Savings Plan in WI (1,908 participants, $298M 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 450412162.

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.