Border States Electric Supply 401(K) 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 Electric Supply 401(K) Plan is a benefit plan reported by Border States Industries, Inc. under EIN 45-0275004 and plan number 003. The latest loaded filing year is 2023. The filing reports 3,730 participants and $211,012,090 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
- 003
- Plan type
- 2
- Location
- Fargo, ND
- Latest filing year
- 2023
- Participants
- 3,730
- End-of-year plan assets
- $211,012,090
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 3,730 | H, C | 20241223140106NAL0009387745001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $211,012,090
- Total liabilities (EOY)
- $263,945
- Net assets (EOY)
- $210,748,145
- Net assets (BOY)
- $163,080,060
Income & contributions
- Participant contributions
- $15,402,592
- Total contributions
- $18,127,852
- Total income / additions
- $50,213,715
Expenses & distributions
- Benefits paid
- $22,597,904
- Administrative expenses
- $234,968
- Total expenses
- $22,832,872
- Net increase / (decrease)
- $27,380,843
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $234,968 | $0 | 2023 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 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 Life Insurance Company — Schedule C compensation
- Morningstar Investment Management L — Schedule C compensation
- Wilshire Advisors LLC — Schedule C compensation