2023 Form 5500 filing — Minnesota Timberwolves Basketball Limited Partnership Employee Savings And Profit Sharing Plan

Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240822115812NAL0003036515001) for Minnesota Timberwolves Basketball Limited Partnership Employee Savings And Profit Sharing Plan, reported by Minnesota Timberwolves Basketball, Lp under EIN 41-1796677 and plan number 002. It reports 313 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Form 5500 2 · 2023

Filing snapshot

Net assets (EOY)$19.8MReported net assets$19,764,124

Participants313

Provider compensation$13.3K1 Schedule C row(s)$13,312

Schedules filedSchedule H, Schedule CLoaded schedules

EFAST2 acknowledgement: 20240822115812NAL0003036515001
Plan sponsor: Minnesota Timberwolves Basketball, Lp
EIN: 41-1796677
Plan number: 002
Location: Minneapolis, MN
Received date: not reported in the loaded dataset

How to read this filing

This is a single annual Form 5500 filing, identified by its EFAST2 acknowledgement id.
Schedule chips (Sch H / I / C) show which schedules this filing includes.
Net assets = total assets minus total liabilities (Schedule H/I).
Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
For the plan's full history, open the plan profile.

Schedule H · 2023

Reported financial snapshot

Reported figures as filed, in whole dollars. Only fields the filing reports are shown.

Reported balance (end of year)$19.8M total assets

Net assets$19.8MLiabilities$0

Money in vs. money out

Total income / additions$5.6M

Total expenses$182.4K

Benefits paid / distributions$169K

Contributions

Employer$503.2K

Participant$2.1M

Full reported line items

Total assets (EOY): $19,764,124
Total liabilities (EOY): $0
Net assets (EOY): $19,764,124
Employer contributions: $503,165
Participant contributions: $2,083,193
Total income / additions: $5,588,008
Benefits paid: $169,044
Administrative expenses: $13,312
Total expenses: $182,356
Net increase / (decrease): $5,405,652

Schedule C

Reported service provider compensation

Compensation reported on the 2023 filing, ranked by reported total.

1
Merrill Lynch, Pierce, Fenner And S$13.3K
RECORDKEEPER · Direct $13.3K · Indirect $0

What to inspect next

Frequently asked questions

What does EFAST2 acknowledgement 20240822115812NAL0003036515001 cover?: It is the 2023 Form 5500 filing for Minnesota Timberwolves Basketball Limited Partnership Employee Savings And Profit Sharing Plan, reported by Minnesota Timberwolves Basketball, Lp (EIN 41-1796677).
Which Form 5500 schedules are attached to this 2023 filing?: Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).