Banning Engineering Inc.
Plan context: Banning Engineering Employee Stock Ownership Plan
EIN 35-1918080 • Plainfield, IN • 8 filings • 2 plans
Current Snapshot
Latest Year
2024
2024 Participants
64
2024 Assets
$9,877,398
2024 Contributions
$1,144,314
Historical Graphs
Total Assets Over Time
Aggregate end-of-year assets by filing year, excluding zero-asset years
Participants Over Time
Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans
Company Timeline
Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.
| Year / Filing | Filings | Participants | Assets | Contributions | Contrib./Participant |
|---|---|---|---|---|---|
| 2024 | 2 | 64 | $9,877,398 | $1,144,314 | $17,880iApproximate average salary by contribution assumption: employee only about $446,998 at 4% or $297,998 at 6%; with 50% employer match about $297,998 at 4% or $198,666 at 6%; with 100% employer match about $223,499 at 4% or $148,999 at 6%. |
| Banning Engineering Employee Stock Ownership Plan | - | 48 | $5,010,000 | $486,794 | $10,142iApproximate average salary by contribution assumption: employee only about $253,539 at 4% or $169,026 at 6%; with 50% employer match about $169,026 at 4% or $112,684 at 6%; with 100% employer match about $126,769 at 4% or $84,513 at 6%. |
| BANNING ENGINEERING 401(K) PLAN | - | 64 | $4,867,398 | $657,520 | $10,274iApproximate average salary by contribution assumption: employee only about $256,844 at 4% or $171,229 at 6%; with 50% employer match about $171,229 at 4% or $114,153 at 6%; with 100% employer match about $128,422 at 4% or $85,615 at 6%. |
| 2023 | 2 | 53 | $7,425,468 | $1,057,159 | $19,946iApproximate average salary by contribution assumption: employee only about $498,660 at 4% or $332,440 at 6%; with 50% employer match about $332,440 at 4% or $221,627 at 6%; with 100% employer match about $249,330 at 4% or $166,220 at 6%. |
| BANNING ENGINEERING 401(K) PLAN | - | 53 | $4,135,468 | $580,874 | $10,960iApproximate average salary by contribution assumption: employee only about $273,997 at 4% or $182,665 at 6%; with 50% employer match about $182,665 at 4% or $121,777 at 6%; with 100% employer match about $136,999 at 4% or $91,332 at 6%. |
| Banning Engineering Employee Stock Ownership Plan | - | 48 | $3,290,000 | $476,285 | $9,923iApproximate average salary by contribution assumption: employee only about $248,065 at 4% or $165,377 at 6%; with 50% employer match about $165,377 at 4% or $110,251 at 6%; with 100% employer match about $124,033 at 4% or $82,688 at 6%. |
| 2022 | 2 | 50 | $5,091,878 | $1,033,010 | $20,660iApproximate average salary by contribution assumption: employee only about $516,505 at 4% or $344,337 at 6%; with 50% employer match about $344,337 at 4% or $229,558 at 6%; with 100% employer match about $258,253 at 4% or $172,168 at 6%. |
| BANNING ENGINEERING 401(K) PLAN | - | 50 | $3,081,878 | $586,572 | $11,731iApproximate average salary by contribution assumption: employee only about $293,286 at 4% or $195,524 at 6%; with 50% employer match about $195,524 at 4% or $130,349 at 6%; with 100% employer match about $146,643 at 4% or $97,762 at 6%. |
| Banning Engineering Employee Stock Ownership Plan | - | 45 | $2,010,000 | $446,438 | $9,921iApproximate average salary by contribution assumption: employee only about $248,021 at 4% or $165,347 at 6%; with 50% employer match about $165,347 at 4% or $110,232 at 6%; with 100% employer match about $124,011 at 4% or $82,674 at 6%. |
| 2021 | 1 | 47 | $3,075,753 | $560,982 | $11,936iApproximate average salary by contribution assumption: employee only about $298,395 at 4% or $198,930 at 6%; with 50% employer match about $198,930 at 4% or $132,620 at 6%; with 100% employer match about $149,197 at 4% or $99,465 at 6%. |
| BANNING ENGINEERING 401(K) PLAN | - | 47 | $3,075,753 | $560,982 | $11,936iApproximate average salary by contribution assumption: employee only about $298,395 at 4% or $198,930 at 6%; with 50% employer match about $198,930 at 4% or $132,620 at 6%; with 100% employer match about $149,197 at 4% or $99,465 at 6%. |
| 2020 | 1 | 43 | $2,204,462 | $1,864,211 | $43,354iApproximate average salary by contribution assumption: employee only about $1,083,844 at 4% or $722,562 at 6%; with 50% employer match about $722,562 at 4% or $481,708 at 6%; with 100% employer match about $541,922 at 4% or $361,281 at 6%. |
| BANNING ENGINEERING 401(K) PLAN | - | 43 | $2,204,462 | $1,864,211 | $43,354iApproximate average salary by contribution assumption: employee only about $1,083,844 at 4% or $722,562 at 6%; with 50% employer match about $722,562 at 4% or $481,708 at 6%; with 100% employer match about $541,922 at 4% or $361,281 at 6%. |