401(k) · DOL Form 5500 · 2024

Bankwest, Inc. 401(k) Plan

Data updated 2026-08-25

$59M
Total assets Below avg plan size
370
Participants Below avg headcount
86th
Percentile by assets National rank
$158,996
Avg per participant Above avg balance/head
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Official DOL plan name: Bankwest 401(k) Plan · Sponsored by Bankwest, Inc. · South Dakota · Finance & Insurance

$59M in assets, 370 participants

Bankwest, Inc.'s Bankwest 401(k) Plan reported $59M in total assets and 370 participants in its 2024 DOL Form 5500 filing, ranking in the 86th 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.

  • #6,675 in Finance & Insurance (8,549 peers)

Where Bankwest 401(k) Plan sits by assets

Bankwest 401(k) Plan sits in the top quartile of all filed plans by assets, $59M for 370 participants (~$158,996/participant), up 4.8% in 2024.

#6,675
in Finance & Insurance (8,549 peers)
+4.8%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Bankwest 401(k) Plan's outsized position by total assets

Bankwest 401(k) Plan vs every filed plan by assets

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

$58,828,683 Top 14% higher than 86% 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

Bankwest 401(k) Plan 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. Bankwest 401(k) Plan sits mid-pack in the medium band (370 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Bankwest 401(k) Plan reported net income fell from $3M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Bankwest 401(k) Plan end-of-year assets rose from $56M in the plan year 2023 filing to $59M in the plan year 2024 filing.
  • Bankwest 401(k) Plan reported participants rose from 354 in the plan year 2023 filing to 370 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 460177475 · Bankwest, Inc. PY 2024 · 401(k)

Bankwest 401(k) Plan · $59M · 370 · 86th

  • NET $59M
  • BOOK 370
  • VS-ST 86th
  • BOY 401(k)
  • SCH near Oncology Specialties, P.C. Retirement Plan
  • EBSA ind #6675

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 South Dakota →

Bankwest 401(k) Plan in the asset neighbourhood

Grassland Dairy Products Profit Sharing PlanGrassland Dairy Products Pro…$59MBankwest 401(k) Plan$59MOncology Specialties, P.C. Retirement PlanOncology Specialties, P.C. R…$59MBentallgreenoak (U.S.), LP 401(k) Retirement PlanBentallgreenoak (U.S.), LP 4…$59MAi-Cares Retirement Savings PlanAi-Cares Retirement Savings …$59M
End-of-year total assets ($M) among Bankwest 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$56M
Net Assets (End of Year)$59M
Net Income$3M
Employer EIN460177475
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bankwest, Inc.)

Sponsor-wide plan assets over time

All Bankwest, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$59M 11.385219723293456% vs 2022
2024 filing year
$52M$54M$56M$58M$60M 202220232024 $52.8M $58.8M ▲ +11.4%
Year Plans Participants Total Assets
2022 1 353 $53M
2023 1 354 $56M
2024 1 370 $59M

Nearby 401(k) Plans in South Dakota

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

Bankwest 401(k) Plan vs. nearby 401(k) plans in South Dakota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 02004006008001000 Total assets ($M) Participants Bankwest 401(k) Plan, Total assets ($M): 58.828683 · Participants: 370Bankwest 401(k) PlanBlack Hills Corporation 401(k) Retirement Savings Plan, Total assets ($M): 811.221285 · Participants: 2881Black Hills Corporation 401(k) Retirement Savings PlanGood Samaritan Society 401(k) Plan, Total assets ($M): 278.292791 · Participants: 12199Good Samaritan Society 401(k) PlanPoet 401(k) Plan, Total assets ($M): 265.689062 · Participants: 2380Poet 401(k) PlanDaktronics, Inc. 401(k) Plan, Total assets ($M): 262.560689 · Participants: 2369Daktronics, Inc. 401(k) PlanPremier 401(k) Plan, Total assets ($M): 240.594371 · Participants: 1821Premier 401(k) Plan
Bankwest 401(k) Plan vs. nearby 401(k) plans in South Dakota, assets vs. participants
Compare Bankwest 401(k) Plan side-by-side with 3 peers →

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

Outside South Dakota, the nearest 401(k) by assets is Oncology Specialties, P.C. Retirement Plan in AL ($59M); by covered participants it is 80/20, LLC Retirement Readiness 401(k) Plan in IN (370 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (370 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 Bankwest 401(k) Plan assets move in 2024? ▼
Bankwest 401(k) Plan edged up modestly - up 4.8% during 2024, from $56M to $59M. Reported net income was $3M.
How have Bankwest, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bankwest, Inc.'s sponsor-wide assets grew 11.4%, from $53M to $59M.
Where does Bankwest 401(k) Plan rank by assets among Form 5500 filers? ▼
Bankwest 401(k) Plan ranks in the 86th 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 Bankwest 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Oncology Specialties, P.C. Retirement Plan in AL ($59M, 653 participants).
Which 401(k) plans cover a similar participant headcount to Bankwest 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is 80/20, LLC Retirement Readiness 401(k) Plan in IN (370 participants, $18M 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 460177475.

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.