Border States Industries 401(k) and retirement plans

Border States Industries, Inc., Fargo, ND. EIN 45-0275004. Annual reports 2009–2024. Also filed as Shealy Electrical Wholesalers, Inc.; Western Extralite Company.

Border States Industries, Inc. has 2 active retirement plans on file. The largest is the Border States Electric Supply 401(k) Plan, with 4,244 participants and $254 million in assets in 2024. Principal has been its recordkeeper since 2020. No traditional pension plan appears in Border States Industries's filings since 2009.

Active plans: 2
Participants: 7,830
Plan assets: $1.5 billion
401(k) recordkeeper: Principal
Plans on file: 4
Industry: Wholesale trade

All 4 plans

Active plans first

Border States Electric Supply 401(k) Plan

401(k)Active

Active. The plan filed its annual report for the 2024 plan year.

Plan number: 003Employer EIN 45-0275004
Participants (2024): 4,244
Net assets (2024): $254 million
Recordkeeper: PrincipalEarlier: Wells Fargo (2009–2019)
Plan administrator: Border States Industries, Inc.
2400 38TH ST S
Fargo, ND 58104
(701) 297-3838As filed for 2024
In effect since: July 1, 2000

Year by year, 2009 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	4,244	$254 million	Principal
2023	3,925	$211 million	Principal
2022	3,463	$163 million	Principal
2021	3,099	$170 million	Principal
2020	3,024	$171 million	Principal
2019	3,201	$127 million	Wells Fargo
2018	3,302	$139 million	Wells Fargo
2017	3,073	$134 million	Wells Fargo
2016	2,691	$120 million	Wells Fargo
2015	2,204	$88.8 million	Wells Fargo
2014	2,254	$95.1 million	Wells Fargo
2013	1,859	$76.9 million	Wells Fargo
2012	1,635	$53.0 million	Wells Fargo
2011	1,569	$47.0 million	Wells Fargo
2010	1,414	$43.7 million	Wells Fargo
2009	1,354	$38.9 million	Wells Fargo

Border States Industries, Inc. Employee Stock Ownership Plan

Employee stock ownership plan (ESOP)Active

Active. The plan filed its annual report for the 2024 plan year.

Plan number: 002Employer EIN 45-0275004
Participants (2024): 3,586
Net assets (2024): $1.3 billion
Recordkeeper: Principal2009–2024
Plan administrator: Border States Industries, Inc.
2400 38TH ST S
Fargo, ND 58104
(701) 293-5834As filed for 2024
In effect since: April 1, 1984

Year by year, 2009 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	3,586	$1.3 billion	Principal
2023	3,218	$1.1 billion	Principal
2022	2,808	$1.0 billion	Principal
2021	2,609	$777 million	Principal
2020	2,589	$578 million	Principal
2019	2,873	$469 million	Principal
2018	2,743	$643 million	Principal
2017	2,566	$560 million	Principal
2016	2,216	$504 million	Principal
2015	1,944	$468 million	Principal
2014	1,933	$528 million	Principal
2013	1,639	$509 million	Principal
2012	1,485	$465 million	not listed
2011	1,398	$352 million	not listed
2010	1,311	$237 million	Principal
2009	1,274	$171 million	Principal

Kriz-Davis Company Employee Stock Ownership Plan

Employee stock ownership plan (ESOP)Closed

Closed. The plan filed its final annual report for 2021, which means its assets were paid out or moved and it no longer exists.

Plan number: 001Employer EIN 45-0275004
Participants (2020): 239
Net assets (2020): $1.1 million
Last listed recordkeeper: Schwab2012–2016
Plan administrator: Border States Industries, Inc.
P. O. Box 2767
Fargo, ND 58108
(701) 293-5834As filed for 2021
In effect since: July 1, 1974

Earlier sponsor: Shealy Electrical Wholesalers, Inc. (2009–2015).

Earlier plan names: Shealy Electrical Wholesalers, Inc. 401(k) Plan.

Year by year, 2009 to 2021

Plan year	Participants	Net assets	Recordkeeper
2021	0	$0	not listed
2020	239	$1.1 million	not listed
2019	239	$1.4 million	not listed
2018	239	$55.0 million	not listed
2016	0	$0	Schwab
2015	373	$23.8 million	Schwab
2014	353	$24.1 million	Schwab
2013	311	$21.2 million	Schwab
2012	283	$9.3 million	Schwab
2011	184	$7.7 million	not listed
2010	174	$7.5 million	not listed
2009	157	$6.5 million	not listed

Western Extralite Company Employee Stock Ownership Plan

Employee stock ownership plan (ESOP)Stopped filing

No annual report since the 2014 plan year, and no final report on record. The plan may have been merged, renamed or re-filed under another number; ask the plan administrator below.

Plan number: 004Employer EIN 45-0275004
Participants (2014): 201
Net assets (2014): $2.5 million
Plan administrator: Border States Industries, Inc.
105 25TH ST N
Fargo, ND 58102
(701) 293-5834As filed for 2014
In effect since: February 1, 2011

Earlier sponsor: Western Extralite Company (2011–2013).

Year by year, 2011 to 2014

Plan year	Participants	Net assets	Recordkeeper
2014	201	$2.5 million	not listed
2013	213	$2.8 million	not listed
2012	206	$1.8 million	not listed
2011	196	$659,828	not listed

If you had money in one of these plans

Call Principal (principal.com), which runs the Border States Electric Supply 401(k) Plan. With your Social Security number and the plan name, it can tell you whether you still have a balance and, if not, where it went.
Or call the plan administrator listed on the plan below ((701) 297-3838). That number was filed for 2024; ask for the benefits or retirement plan office.
If your plan closed, unclaimed balances usually went to an IRA in your name, to the PBGC's missing participants program, or to state unclaimed property. Here is how to check each one.
Still stuck? The Department of Labor's benefits advisers help for free: askebsa.dol.gov or 1-866-444-3272. Never pay anyone to find your own money.

What these numbers are

They come from the Form 5500 annual reports each plan files with the Department of Labor, as the plan filed them. A plan year is usually a calendar year.
Participants counts everyone in the plan at year end: current employees, former employees who still have a balance or a pension coming, and retirees or beneficiaries being paid.
The recordkeeper is the service provider whose Schedule C entry says it keeps the plan's records. Small plans do not file Schedule C, so some plans show none.
We cannot see anyone's account. Only the plan or its recordkeeper can tell you your balance.

Sources: U.S. Department of Labor, Form 5500 datasets and PBGC trusteed plans. How we read them.