How big is Banks Academy's plan?

Banks Academy's plan reported $19K in assets and 29 participants for 2024.

Original filing (PDF)20251008151339NAL0006053281001

Banks Academy

Name: Banks Academy — Banks Academy 401(k) Plan, Form 5500 (2024)
Creator: Banks Academy
License: https://www.usa.gov/government-works

Form 5500-SF

FILING_RECEIVED

Banks Academy 401(k) Plan

401(k) retirement plan · Banks Academy's Banks Academy 401(k) Plan held $19K in plan assets for 29 participants in 2024.

Active participants

Accounts w/ balance

Plan assets (EOY)

$19K

Net assets (EOY)

$19K

Plan identifiers

Banks Academy's EIN is 47-2976837.

EIN 47-2976837

Plan number 001

Plan year 2024

ACK ID 20251008151339NAL0006053281001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Banks Academy from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Banks Academy's plan includes profit-sharing, a 401(k) feature, ERISA 404(c) participant direction.

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for BANKS ACADEMY.

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Plan health score

Above-average plan

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool. Based on 70% of scoring inputs for this filing.

Compliance & integrity

100

Total plan cost

n/a

Plan health

Vendor & structure

100

Knocking points off

Low account-holder ratio — balance-holders per active participant in the bottom quartile of peers (9th percentile).

Helping the score

Cost not scored — no comparable Schedule H expense data for this cohort.

Plan sponsor

Name

BANKS ACADEMY

EIN

all filings

Address

700 HUFFMAN ROAD · BIRMINGHAM, AL · 35215

Phone

(205) 862-0560

Industry

Educational Services

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-08

Pension benefit codes

2E · Profit-sharing

2J · 401(k) feature

2K · 401(m) arrangement

2F · ERISA section 404(c)

2G · Total participant-directed accounts

3D · Pre-approved plan (master / prototype / VS)

Audit & trust (Schedule H)

Auditor

—

Trustee / custodian

Service providers (Schedule C)

Small plans don't disclose service providers

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