Black Gold Potato Sales, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Black Gold Potato Sales, 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, Black Gold Potato Sales, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Black Gold Potato Sales, Inc. under EIN 45-0388340 and plan number 001. The latest loaded filing year is 2023. The filing reports 706 participants and $12,122,485 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$12MPlan net assets, end of year$11,996,468
Participants706Covered participants reported
Assets / participant$17.2KComputed: assets ÷ participants$17,171 (computed)
Provider compensation$24.1K2 Schedule C provider row(s)$24,055
Plan sponsor
Black Gold Potato Sales, Inc.
EIN
45-0388340
Plan number
001
Plan type
2
Location
Grand Forks, ND
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023706H, C20240809095003NAL0006210657001
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)$12.1M total assets
Net assets$12MLiabilities$126K
Money in vs. money out
Total income / additions$2.8M
Total expenses$584.5K
Benefits paid / distributions$513K
Contributions
Employer$176.1K
Participant$537.8K
Full reported line items

Net assets

Total assets (EOY)
$12,122,485
Total liabilities (EOY)
$126,017
Net assets (EOY)
$11,996,468
Net assets (BOY)
$9,783,453

Income & contributions

Employer contributions
$176,145
Participant contributions
$537,841
Total contributions
$1,093,925
Total income / additions
$2,797,515

Expenses & distributions

Benefits paid
$512,960
Administrative expenses
$24,055
Total expenses
$584,500
Net increase / (decrease)
$2,213,015
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 25%Participant 75%
Total expenses ÷ net assets5%Computed ratio
Benefits paid ÷ total income18%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Bremer Bank National AssociationTRUSTEE$24,055not reported in the loaded dataset2023
Empower Annuity Insurance CompanyRECORDKEEPER$0$02023

Related Form 5500 pages