2023 Form 5500 filing — Nfc 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241007151424NAL0015397473001) for Nfc 401(K) Plan, reported by Northwest Financial Corp under EIN 42-1325482 and plan number 002. It reports 496 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241007151424NAL0015397473001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Northwest Financial Corp
- EIN
- 42-1325482
- Plan number
- 002
- Location
- Arnolds Park, IA
- Participants
- 496
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $58,686,369
- Total liabilities (EOY)
- $8,662
- Net assets (EOY)
- $58,677,707
- Employer contributions
- $1,095,914
- Participant contributions
- $3,297,377
- Total income / additions
- $14,072,580
- Benefits paid
- $6,699,415
- Administrative expenses
- $139,609
- Total expenses
- $6,839,024
- Net increase / (decrease)
- $7,233,556
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Avantax Planning Partners Inc. | NONE | $82,217 | not reported in the loaded dataset |
| Bam Advisor Services | NONE | $43,849 | not reported in the loaded dataset |
| Alerus Financial, N.A. | NONE | $13,543 | $0 |
| Charles Schwab Trust Bank | NONE | $0 | $6,194 |
| Charles Schwab & Co., Inc. | NONE | $0 | $0 |