Border States Industries, Inc. Employee Stock Ownership Plan — Form 5500 plan (Border States Industries, 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, Border States Industries, Inc. Employee Stock Ownership Plan is a benefit plan reported by Border States Industries, Inc. under EIN 45-0275004 and plan number 002. The latest loaded filing year is 2023. The filing reports 3,340 participants and $1,176,759,361 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Border States Industries, Inc.
- EIN
- 45-0275004
- Plan number
- 002
- Plan type
- 2
- Location
- Fargo, ND
- Latest filing year
- 2023
- Participants
- 3,340
- End-of-year plan assets
- $1,176,759,361
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 3,340 | H, C | 20241223094949NAL0008630593001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $1,176,759,361
- Total liabilities (EOY)
- $53,830,339
- Net assets (EOY)
- $1,122,929,022
- Net assets (BOY)
- $1,049,052,051
Income & contributions
- Employer contributions
- $42,300,000
- Total contributions
- $42,300,000
- Total income / additions
- $219,712,557
Expenses & distributions
- Benefits paid
- $134,056,625
- Administrative expenses
- $268,097
- Total expenses
- $135,729,232
- Net increase / (decrease)
- $83,983,325
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Financial Group | RECORDKEEPER/BOOKKEEPER | $128,097 | not reported in the loaded dataset | 2023 |
| Alerus Financial | TRUSTEE | $60,000 | not reported in the loaded dataset | 2023 |
| Summit Fiduciary Group | TRUSTEE | $60,000 | not reported in the loaded dataset | 2023 |
| Grant Thornton Llp | ACCOUNTANT | $20,000 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Border States Industries, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in ND
- 401(k) and benefit plan filings in Fargo, ND
- Principal Financial Group — Schedule C compensation
- Alerus Financial — Schedule C compensation
- Summit Fiduciary Group — Schedule C compensation
- Grant Thornton Llp — Schedule C compensation