Banks, Inc Employees 401(K) Plan — Form 5500 plan (Banks, Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Banks, Inc Employees 401(K) Plan is a benefit plan reported by Banks, Inc. under EIN 42-1517671 and plan number 001. The latest loaded filing year is 2023. The filing reports 13 participants and $20,141 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$20.1KPlan net assets, end of year$20,141
Participants13Covered participants reported
Assets / participant$1.5KComputed: assets ÷ participants$1,549 (computed)
Provider compensationNone reported
Plan sponsor
Banks, Inc.
EIN
42-1517671
Plan number
001
Plan type
2
Location
Clinton, IA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202313I20250131153006NAL0002480865001
Schedule I · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$20.1K total assets
Net assets$20.1KLiabilities
Money in vs. money out
Total income / additions$12.8K
Total expensesNot reported
Benefits paid / distributionsNot reported
Contributions
Employer$4.1K
Participant$6.6K
Full reported line items

Net assets

Total assets (EOY)
$20,141
Net assets (EOY)
$20,141
Net assets (BOY)
$7,363

Income & contributions

Employer contributions
$4,059
Participant contributions
$6,553
Total income / additions
$12,778

Expenses & distributions

Net increase / (decrease)
$12,778
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 38%Participant 62%

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages