Border States Industries, Inc. 401(k) Plan: Login, Facts & Contact Information

Border States Industries, Inc. 401(k) Plan Facts

Plan name
BORDER STATES ELECTRIC SUPPLY 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
BORDER STATES INDUSTRIES, INC.
Participants
4,347 (3,385 active employees)
Former employees with a balance
843
Plan assets
$253,980,411 at Mar 31, 2025
Average account balance
$63,830 across 3,979 accounts
Recordkeeper
Principal Life Insurance Company
Plan year
Apr 1, 2024 – Mar 31, 2025
Plan established
Jul 1, 2000
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Apr 1, 2024 – Mar 31, 2025), filed Dec 23, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $21.0 million went into the plan in contributions.
  • $28.5 million was paid out to participants.
  • Investment and other income added $9.90 million.
  • Administrative expenses were $284,363, about $71 per account.

How the Border States Industries, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20193,304$127.5 million—$15.9 million
20203,189$171.2 million—$19.3 million
20213,035$170.7 million—$20.0 million
20223,125$164.6 million—$22.2 million
20233,730$211.0 million—$22.6 million
20244,347$254.0 million—$28.5 million

Border States Industries, Inc. 401(k) Contact Information

Phone
701-297-3838
Mailing address
2400 38TH ST S, FARGO ND 58104
Plan sponsor
BORDER STATES INDUSTRIES, INC.
Employer identification number (EIN)
45-0275004
Plan number
003

Questions about the Border States Industries, Inc. 401(k)

Does Border States Industries, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement.

Does the Border States Industries, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Border States Industries, Inc 401(k) plan?

4,347 participants at the start of plan year 2024, 3,385 of them active employees, and 843 former employees who still had money in the plan.

What is the average 401(k) balance at Border States Industries, Inc?

About $63,830 per account: $254.0 million in plan assets across 3,979 accounts with a balance at the end of plan year 2024.

Who manages the Border States Industries, Inc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Border States Industries, Inc. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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