2023 Form 5500 filing — Norwood Sales Inc Profit Sharing/401k 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 20241007152859NAL0026564688001) for Norwood Sales Inc Profit Sharing/401k Plan, reported by Norwood Sales, Inc. under EIN 45-0444903 and plan number 001. It reports 259 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)$6.8MReported net assets$6,815,085
Participants259
Provider compensation$50.8K2 Schedule C row(s)$50,774
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241007152859NAL0026564688001
- Plan sponsor
- Norwood Sales, Inc.
- EIN
- 45-0444903
- Plan number
- 001
- Location
- Horace, ND
- Received date
- not reported in the loaded dataset
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)$6.8M total assets
Net assets$6.8MLiabilities$0
Full reported line items
- Total assets (EOY)
- $6,815,085
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,815,085
- Employer contributions
- $429,754
- Participant contributions
- $785,512
- Total income / additions
- $2,043,825
- Benefits paid
- $363,940
- Administrative expenses
- $50,775
- Total expenses
- $414,715
- Net increase / (decrease)
- $1,629,110
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Stancorp Financial Group | NONE | $45,114 | not reported in the loaded dataset |
| First International Bank And Trust | NONE | $5,660 | not reported in the loaded dataset |