State Bankshares 401(k) match, vesting and fees
What State Bankshares' 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 | Bell Bank | Schedule C ↗ |
| Independent auditor | Widmer Roel PC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 159 defined-contribution plans in management of companies and enterprises with 1,000 to 4,999 participants.
| State Bankshares: employer contribution per participant | $2,441 | |
| Peer median | $2,554 |
| State Bankshares: average balance | $157,114 | |
| Peer median | $101,397 |
| State Bankshares: admin expenses ÷ assets | 0.01% | |
| Peer median | 0.10% |
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 $252M at the end of plan year 2021 to $319M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,262 | $319M | $5M | $2,441 | 0.01% | Not published | Form 5500 ↗ |
| 2023 | 2,237 | $275M | $5M | $2,500 | 0.01% | Not published | Form 5500 ↗ |
| 2022 | 2,215 | $224M | $3.4M | $1,765 | <0.01% | Not published | Form 5500 ↗ |
| 2021 | 1,972 | $252M | $3M | $1,750 | <0.01% | Not published | Form 5500 ↗ |
Other State Bankshares plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
State Bankshares Employee Stock Ownership Plan and Trust
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.
| Independent auditor | Widmer Roel PC (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
Common questions
Does State Bankshares match 401(k) contributions?
The match terms for the State Bankshares 401(k) Profit Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $5M in employer contributions, about $2,441 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the State Bankshares 401(k) match vested?
The vesting schedule for the State Bankshares 401(k) Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the State Bankshares 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Bell Bank. The plan administrator is State Bankshares, Inc..
I left State Bankshares. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (State Bankshares, Inc., (701) 298-1500) or the recordkeeper, Bell Bank. The State Bankshares old 401(k) page lists the contacts from every plan filing. Find an old State Bankshares 401(k)
Data from the public Form 5500 annual reports State Bankshares filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) 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 State Bankshares. Not financial advice. Report a correction · Methodology