2023 Form 5500 filing — Cole'S Employee Stock Ownership Plan & Trust Agreement
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 20241015124755NAL0028470481001) for Cole'S Employee Stock Ownership Plan & Trust Agreement, reported by Coles Salon, Inc. under EIN 41-1424867 and plan number 002. It reports 251 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015124755NAL0028470481001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Coles Salon, Inc.
- EIN
- 41-1424867
- Plan number
- 002
- Location
- Burnsville, MN
- Participants
- 251
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $7,614,682
- Total liabilities (EOY)
- $2,022
- Net assets (EOY)
- $7,612,660
- Employer contributions
- $110,000
- Total income / additions
- $904,741
- Benefits paid
- $429,792
- Administrative expenses
- $38,893
- Total expenses
- $468,685
- Net increase / (decrease)
- $436,056
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| John A. Knutson & Co., Pllp | NONE | $13,453 | $0 |
| Alerus Financial, N.A. | NONE | $8,685 | $0 |
| Value Consulting Group | NONE | $8,500 | $0 |
| Alerus Investment Advisors, Inc. | NONE | $8,255 | $0 |