True North Equipment Co. 401(K) Profit Sharing Plan — Form 5500 plan (True North Equipment Co.)
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, True North Equipment Co. 401(K) Profit Sharing Plan is a benefit plan reported by True North Equipment Co. under EIN 45-0330917 and plan number 001. The latest loaded filing year is 2023. The filing reports 218 participants and $18,862,608 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- True North Equipment Co.
- EIN
- 45-0330917
- Plan number
- 001
- Plan type
- 2
- Location
- Grand Forks, ND
- Latest filing year
- 2023
- Participants
- 218
- End-of-year plan assets
- $18,862,608
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 218 | H, C | 20240723092844NAL0011493185001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $18,862,608
- Total liabilities (EOY)
- $223,873
- Net assets (EOY)
- $18,638,735
- Net assets (BOY)
- $16,121,127
Income & contributions
- Employer contributions
- $576,911
- Participant contributions
- $1,096,483
- Total contributions
- $1,673,397
- Total income / additions
- $4,453,586
Expenses & distributions
- Benefits paid
- $1,885,397
- Administrative expenses
- $50,581
- Total expenses
- $1,935,978
- Net increase / (decrease)
- $2,517,608
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Alliance Pension Consultants, LLC | RECORDKEEPER/TPA | $31,082 | not reported in the loaded dataset | 2023 |
| Oakstreet Wealth Management | INVESTMENT ADVISOR | $19,500 | not reported in the loaded dataset | 2023 |
| Charles Schwab Trust Bank | CUSTODIAN | $0 | $5,707 | 2023 |
| Charles Schwab & Co., Inc. | CUSTODIAN | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for True North Equipment Co.
- 2023 Form 5500 filing
- Form 5500 filings in ND
- 401(k) and benefit plan filings in Grand Forks, ND
- Alliance Pension Consultants, LLC — Schedule C compensation
- Oakstreet Wealth Management — Schedule C compensation
- Charles Schwab Trust Bank — Schedule C compensation
- Charles Schwab & Co., Inc. — Schedule C compensation