Banner Engineering 401(k) match, vesting and fees
What Banner Engineering's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Vanguard Group Inc | Schedule C ↗ |
| Independent auditor | Bergan Kdv (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2025 medians for 434 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| Banner Engineering: employer contribution per participant | $3,000 | |
| Peer median | $2,591 |
| Banner Engineering: average balance | $145,794 | |
| Peer median | $102,504 |
| Banner Engineering: admin expenses ÷ assets | 0.11% | |
| Peer median | 0.11% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $195M at the end of plan year 2021 to $212M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 1,468 | $212M | $4.4M | $3,000 | 0.11% | Not published | Form 5500 ↗ |
| 2024 | 1,461 | $192M | $3.9M | $2,747 | 0.12% | Not published | Form 5500 ↗ |
| 2023 | 1,384 | $176M | $4.1M | $3,018 | 0.14% | Not published | Form 5500 ↗ |
| 2022 | 1,741 | $157M | $3.8M | $2,616 | 0.14% | Not published | Form 5500 ↗ |
| 2021 | 1,539 | $195M | $3.3M | $2,512 | 0.11% | Not published | Form 5500 ↗ |
Common questions
Does Banner Engineering match 401(k) contributions?
The match terms for the Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust have not been published from its filing yet. The plan year 2025 filing reports $4.4M in employer contributions, about $3,000 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Banner Engineering 401(k) match vested?
The vesting schedule for the Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust is not in the data published so far. Your Summary Plan Description states it.
Who manages the Banner Engineering 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Vanguard Group Inc. The plan administrator is Banner Engineering Corp.
I left Banner Engineering. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Banner Engineering Corp, (763) 544-3164) or the recordkeeper, Vanguard Group Inc. The Banner Engineering old 401(k) page lists the contacts from every plan filing. Find an old Banner Engineering 401(k)
Data from the public Form 5500 annual reports Banner Engineering filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Banner Engineering. Not financial advice. Report a correction · Methodology