Tire Service Holding Company 401(K) Retirement Plan — Form 5500 plan (Taconite Tire Service, Inc.)

Plain-English plan 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, Tire Service Holding Company 401(K) Retirement Plan is a benefit plan reported by Taconite Tire Service, Inc. under EIN 41-0776365 and plan number 002. The latest loaded filing year is 2023. The filing reports 245 participants and $8,426,634 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$8.4MPlan net assets, end of year$8,423,507
Participants245Covered participants reported
Assets / participant$34.4KComputed: assets ÷ participants$34,394 (computed)
Provider compensation$30K1 Schedule C provider row(s)$29,980
Plan sponsor
Taconite Tire Service, Inc.
EIN
41-0776365
Plan number
002
Plan type
2
Location
Ramsey, MN
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023245H, C20241015144424NAL0016657331001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$8.4M total assets
Net assets$8.4MLiabilities$3.1K
Money in vs. money out
Total income / additions$2.2M
Total expenses$348.6K
Benefits paid / distributions$283.8K
Contributions
Employer$376.7K
Participant$669.9K
Full reported line items

Net assets

Total assets (EOY)
$8,426,634
Total liabilities (EOY)
$3,127
Net assets (EOY)
$8,423,507
Net assets (BOY)
$6,615,654

Income & contributions

Employer contributions
$376,675
Participant contributions
$669,887
Total contributions
$1,046,562
Total income / additions
$2,156,473

Expenses & distributions

Benefits paid
$283,785
Administrative expenses
$64,835
Total expenses
$348,620
Net increase / (decrease)
$1,807,853
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 36%Participant 64%
Total expenses ÷ net assets4%Computed ratio
Benefits paid ÷ total income13%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Commonwealth Financial NetworkRIA$29,980$02023

Related Form 5500 pages