2023 Form 5500 filing — Border States Industries, Inc. Employee Stock Ownership 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 20241223094949NAL0008630593001) for Border States Industries, Inc. Employee Stock Ownership Plan, reported by Border States Industries, Inc. under EIN 45-0275004 and plan number 002. It reports 3,340 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241223094949NAL0008630593001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Border States Industries, Inc.
- EIN
- 45-0275004
- Plan number
- 002
- Location
- Fargo, ND
- Participants
- 3,340
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $1,176,759,361
- Total liabilities (EOY)
- $53,830,339
- Net assets (EOY)
- $1,122,929,022
- Employer contributions
- $42,300,000
- Total income / additions
- $219,712,557
- Benefits paid
- $134,056,625
- Administrative expenses
- $268,097
- Total expenses
- $135,729,232
- Net increase / (decrease)
- $83,983,325
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Financial Group | RECORDKEEPER/BOOKKEEPER | $128,097 | not reported in the loaded dataset |
| Alerus Financial | TRUSTEE | $60,000 | not reported in the loaded dataset |
| Summit Fiduciary Group | TRUSTEE | $60,000 | not reported in the loaded dataset |
| Grant Thornton Llp | ACCOUNTANT | $20,000 | not reported in the loaded dataset |