401(k) · DOL Form 5500 · 2024
Bankwest, Inc. 401(k) Plan
Data updated 2026-08-11
- $59M
- Total assets
- 370
- Participants
- 86th
- Percentile by assets
- $158,996
- Avg per participant
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.
- 86th percentile by assets (of 123,622 plans)
- #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.
- $59M
- total plan assets (2024 EOY)
- 370
- covered participants
- 86th
- percentile by assets (of 123,622 plans)
- $158,996
- avg assets per participant
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.
Bankwest 401(k) Plan vs the 2024 asset distribution
By assets, Bankwest 401(k) Plan outranks 86% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.6x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $56M |
|---|---|
| Net Assets (End of Year) | $59M |
| Net Income | $3M |
| Employer EIN | 460177475 |
| Plan Effective Date | 1989-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Bankwest, Inc.)
| 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
- Black Hills Corporation 401(k) Retirement Savings Plan $811M · 2,881
- Good Samaritan Society 401(k) Plan $278M · 12,199
- Poet 401(k) Plan $266M · 2,380
- Daktronics, Inc. 401(k) Plan $263M · 2,369
- Premier 401(k) Plan $241M · 1,821
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Bankwest 401(k) Plan by total assets, not by location.
- Oncology Specialties, P.C. Retirement Plan (AL) $59M · 653
- Bentallgreenoak (U.S.), LP 401(k) Retirement Plan (WA) $59M · 250
- Ai-Cares Retirement Savings Plan (MI) $59M · 1,886
- Grassland Dairy Products Profit Sharing Plan (WI) $59M · 484
Frequently Asked Questions
How did Bankwest 401(k) Plan assets move in 2024? ▼
How have Bankwest, Inc. plan assets changed over time? ▼
Where does Bankwest 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Bankwest 401(k) Plan? ▼
Next read for Bankwest 401(k) Plan
Scale reading
Ways to act on Bankwest 401(k) Plan's numbers.
- By total assets, Bankwest 401(k) Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in South Dakota. Compare plans
- Bankwest, Inc.'s sponsor-wide assets have grown 11.4% since 2022 across 3 plan years on file. More Finance & Insurance plans