401(k) · DOL Form 5500 · 2024

Border States Industries, Inc. 401(k) Plan

Data updated 2026-08-11

$254M
Total assets: 3,095
Participants: 95th
Percentile by assets: $82,062
Avg per participant

Official DOL plan name: Border States Electric Supply 401(k) Plan · Sponsored by Border States Industries, Inc. · North Dakota · Wholesale Trade

$254M in assets, 3,095 participants

Border States Industries, Inc.'s Border States Electric Supply 401(k) Plan reported $254M in total assets and 3,095 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.

95th percentile by assets (of 123,622 plans)
#5,868 in Wholesale Trade (6,080 peers)

Coverage in North Dakota

Border States Electric Supply 401(k) Plan covers 3,095 participants in North Dakota, 6.1x the typical North Dakota plan (state average ~504 per filing). Assets: $254M.

$254M
total plan assets (2024 EOY): 3,095
covered participants: 95th
percentile by assets (of 123,622 plans): $82,062
avg assets per participant

Border States Electric Supply 401(k) Plan reported net income fell from $27M in the plan year 2023 filing to $2M in the plan year 2024 filing.
Border States Electric Supply 401(k) Plan end-of-year assets rose from $211M in the plan year 2023 filing to $254M in the plan year 2024 filing.
Border States Electric Supply 401(k) Plan reported participants rose from 2,880 in the plan year 2023 filing to 3,095 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

North Dakota

Industry

Wholesale Trade

Participants vs North Dakota filers

In North Dakota, the average filing covers about 504 participants across 359 plans. Border States Electric Supply 401(k) Plan reports 3,095 participants - 6.1x that state average ($254M EOY assets).

North Dakota filing particulars

Total Assets (Beginning of Year)	$211M
Net Assets (End of Year)	$254M
Net Income	$2M
Employer EIN	450275004
Plan Effective Date	2000-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Border States Industries, Inc.)

Total plan assets by year, all Border States Industries, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	2	5,175	$1.3B
2023	2	5,853	$1.4B
2024	2	6,351	$1.6B

Nearby 401(k) Plans in North Dakota

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

Border States Electric Supply 401(k) 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

Compare Border States Electric Supply 401(k) Pla… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Border States Electric Supply 401(k) Plan by total assets, not by location.

Jensen Hughes 401(k) Plan (MD) $254M · 904
Suburban Propane Retirement Savings and Investment Plan (NJ) $254M · 3,381
Retirement Plan of the IBEW Local 76 Retirement Trust (WA) $254M · 3,095
Facey Medical Group, a Medical Corporation Retirement Savings Plan (CA) $254M · 231

Frequently Asked Questions

How did Border States Electric Supply 401(k) Plan assets move in 2024? ▼

Border States Electric Supply 401(k) Plan grew sharply - up 20.4% during 2024, from $211M to $254M. Reported net income was $2M.

How have Border States Industries, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Border States Industries, Inc.'s sponsor-wide assets grew 24.4%, from $1.3B to $1.6B.

Where does Border States Electric Supply 401(k) Plan rank by assets among Form 5500 filers? ▼

Border States Electric Supply 401(k) Plan ranks in the 95th 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 Border States Electric Supply 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Jensen Hughes 401(k) Plan in MD ($254M, 904 participants).

Next read for Border States Electric Supply 401(k) Pla…

Filing takeaways

Ways to act on Border States Electric Supply 401(k) Plan's numbers.

By total assets, Border States Electric Supply 401(k) 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
Border States Industries, Inc.'s sponsor-wide assets have grown 24.4% since 2022 across 3 plan years on file. More Wholesale Trade plans

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 450275004.