ESOP · DOL Form 5500 · 2024
Banik Communications, Inc. ESOP
Data updated 2026-08-25
- $307K
- Total assets Small plan by assets
- 3
- Participants Small participant base
- 14th
- Percentile by assets National rank
- $102,205
- Avg per participant Below avg balance/head
Official DOL plan name: Banik Communications, Inc. Employee Stock Ownership Plan · Sponsored by Banik Communications, Inc. · Montana · Professional & Technical Services
$307K in assets, 3 participants
Banik Communications, Inc.'s Banik Communications, Inc. Employee Stock Ownership Plan reported $307K in total assets and 3 participants in its 2024 DOL Form 5500 filing, ranking in the 14th 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.
- #2,167 in Professional & Technical Services (20,173 peers)
Banik Communications, Inc. multi-year trail
Banik Communications, Inc.'s plans moved -12.5% in assets from 2022 to 2024; this filing shows Banik Communications, Inc. Employee Stock Ownership Plan at $307K / 3 participants.
- #2,167
- in Professional & Technical Services (20,173 peers)
- -12.5%
- assets change YoY
The plan reported a net loss of $44K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Banik Communications, Inc. Employee Stock Ownership Plan among the smaller filed plans by assets
Banik Communications, Inc. Employee Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$306,616 14th percentile higher than 14% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Banik Communications, Inc. Employee Stock Ownership Plan among micro filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Banik Communications, Inc. Employee Stock Ownership Plan is a micro filing (3 participants), the leftmost band.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Banik Communications, Inc. Employee Stock Ownership Plan reported net income fell from $38K in the plan year 2023 filing to -$44K in the plan year 2024 filing.
- Banik Communications, Inc. Employee Stock Ownership Plan end-of-year assets fell from $350K in the plan year 2023 filing to $307K in the plan year 2024 filing.
DOL schedule card
Filing strip 810383819 · Banik Communications, Inc. PY 2024 · ESOP
Banik Communications, Inc. Employee Stock Ownership Plan · $307K · 3 · 14th
- NET $307K
- BOOK 3
- VS-ST 14th
- BOY ESOP
- SCH near Scj Associates, Inc. Employee Stock Ownership Plan
- EBSA ind #2167
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 Montana →
Banik Communications, Inc. Employee Stock Ownership Plan in the asset neighbourhood
Banik Communications, Inc. multi-year asset trail
Sponsor-wide plan assets over time
All Banik Communications, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $307K 12.496432689124553% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 3 | $350K |
| 2023 | 1 | 3 | $350K |
| 2024 | 1 | 3 | $307K |
Banik Communications, Inc. filing trail (2024)
| Total Assets (Beginning of Year) | $350K |
|---|---|
| Net Assets (End of Year) | $307K |
| Net Income | -$44K |
| Employer EIN | 810383819 |
| Plan Effective Date | 2007-01-01 |
| Filing Status | FILING RECEIVED |
Nearby ESOP Plans in Montana
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Pacific Hide & Fur Depot D/B/a Pacific Steel & Recycling ESOP $469M · 968
- D.a. Davidson Companies Employee Stock Ownership Plan $176M · 1,519
- Electrical Consultants, Inc. Employee Stock Ownership Plan $109M · 822
- Sletten, Inc. Employee Stock Ownership Plan $87M · 339
- Morrison-Maierle, Inc. Employee Stock Ownership Plan $77M · 294
Banik Communications, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount
Outside Montana, the nearest ESOP by assets is Scj Associates, Inc. Employee Stock Ownership Plan in NY ($306K); by covered participants it is Island City Dray Profit Sharing Plan in WI (3 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($307K here).
Similar participant headcount
Nearest other-state filings by covered participants (3 participants); asset peers above are excluded.
- Island City Dray Profit Sharing Plan (WI) 3 · 0 off
- Royal State Corporation ESOP (HI) 3 · 0 off
- Royal State Corporation ESOP (HI) 3 · 0 off
- Wetzel-Valley Agencies, Inc. Employee Stock Ownership Plan (WV) 3 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.