2023 Form 5500 filing — Norwood Sales Inc Profit Sharing/401k 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 20241007152859NAL0026564688001) for Norwood Sales Inc Profit Sharing/401k Plan, reported by Norwood Sales, Inc. under EIN 45-0444903 and plan number 001. It reports 259 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241007152859NAL0026564688001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Norwood Sales, Inc.
- EIN
- 45-0444903
- Plan number
- 001
- Location
- Horace, ND
- Participants
- 259
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $6,815,085
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,815,085
- Employer contributions
- $429,754
- Participant contributions
- $785,512
- Total income / additions
- $2,043,825
- Benefits paid
- $363,940
- Administrative expenses
- $50,775
- Total expenses
- $414,715
- Net increase / (decrease)
- $1,629,110
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Stancorp Financial Group | NONE | $45,114 | not reported in the loaded dataset |
| First International Bank And Trust | NONE | $5,660 | not reported in the loaded dataset |