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RETIREMENT PLAN FOR EMPLOYEES OF BANKSON ENGINEERS, INC. 401k Plan overview

Plan NameRETIREMENT PLAN FOR EMPLOYEES OF BANKSON ENGINEERS, INC.
Plan identification number 001

RETIREMENT PLAN FOR EMPLOYEES OF BANKSON ENGINEERS, INC. Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

BANKSON ENGINEERS, INC. has sponsored the creation of one or more 401k plans.

Company Name:BANKSON ENGINEERS, INC.
Employer identification number (EIN):251126224
NAIC Classification:541330
NAIC Description:Engineering Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR EMPLOYEES OF BANKSON ENGINEERS, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01RANDY L. KRAUSE2024-10-01
0012022-01-01RANDY L. KRAUSE2023-10-05
0012021-01-01RANDY L. KRAUSE2022-10-11
0012020-01-01RANDY L. KRAUSE2021-10-11
0012019-01-01RANDY L. KRAUSE2020-10-13
0012018-01-01RANDY L. KRAUSE2019-10-10
0012017-01-01RANDY L. KRAUSE2018-10-12
0012016-01-01RANDY L. KRAUSE2017-07-28
0012015-01-01RANDY L. KRAUSE2016-10-05
0012014-01-01RANDY L. KRAUSE2015-10-15
0012013-01-01RANDY L. KRAUSE2014-07-15
0012012-01-01RANDY L. KRAUSE2013-10-11
0012011-01-01THOMAS BANKSON2012-10-12
0012010-01-01THOMAS BANKSON2011-10-10

Financial Data on RETIREMENT PLAN FOR EMPLOYEES OF BANKSON ENGINEERS, INC.

Measure Date Value
2025 : RETIREMENT PLAN FOR EMPLOYEES OF BANKSON ENGINEERS, INC. 2025 401k financial data
Total expenses incurred by plan in this plan year2025-10-07373315
Net assets as of the end of the plan year2025-10-074846241
Total assets as of the beginning of the plan year2025-10-074332116
Value of plan covered by a fidelity bond2025-10-07433212
Participant contributions to plan in this plan year2025-10-07129713
Value of participant loans at end of plan year2025-10-0723543
Other contributions to plan in this plan year2025-10-0721962
Other income to plan in this plan year2025-10-07735765
Plan net income in this plan year2025-10-07514125
Net assets as of the end of the plan year2025-10-074846241
Net assets as of the beginning of the plan year2025-10-074332116
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-071150
2024 : RETIREMENT PLAN FOR EMPLOYEES OF BANKSON ENGINEERS, INC. 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-01824469
Net assets as of the end of the plan year2024-10-014332116
Total assets as of the beginning of the plan year2024-10-014200995
Value of plan covered by a fidelity bond2024-10-01420100
Participant contributions to plan in this plan year2024-10-01110642
Value of participant loans at end of plan year2024-10-0123543
Other income to plan in this plan year2024-10-01844948
Plan net income in this plan year2024-10-01131121
Net assets as of the end of the plan year2024-10-014332116
Net assets as of the beginning of the plan year2024-10-014200995
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-01225
2022 : RETIREMENT PLAN FOR EMPLOYEES OF BANKSON ENGINEERS, INC. 2022 401k financial data
Total expenses incurred by plan in this plan year2022-10-111026765
Net assets as of the end of the plan year2022-10-115206285
Total assets as of the beginning of the plan year2022-10-115138055
Value of plan covered by a fidelity bond2022-10-11500000
Participant contributions to plan in this plan year2022-10-11134611
Value of participant loans at end of plan year2022-10-1152439
Other contributions to plan in this plan year2022-10-1112017
Other income to plan in this plan year2022-10-11948367
Plan net income in this plan year2022-10-1168230
Net assets as of the end of the plan year2022-10-115206285
Net assets as of the beginning of the plan year2022-10-115138055
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-11300

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