St. Cloud Industrial Products, Inc. And Associated Companies' 401(K) Plan & Trust — Form 5500 plan (St. Cloud Industrial Products, 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, St. Cloud Industrial Products, Inc. And Associated Companies' 401(K) Plan & Trust is a benefit plan reported by St. Cloud Industrial Products, Inc. under EIN 41-0944776 and plan number 002. The latest loaded filing year is 2023. The filing reports 193 participants and $9,588,757 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$9.6MPlan net assets, end of year$9,588,757
Participants193Covered participants reported
Assets / participant$49.7KComputed: assets ÷ participants$49,683 (computed)
Provider compensation$43.4K3 Schedule C provider row(s)$43,449
Plan sponsor
St. Cloud Industrial Products, Inc.
EIN
41-0944776
Plan number
002
Plan type
2
Location
St. Cloud, MN
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023193H, C20241015065717NAL0027732753001
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)$9.6M total assets
Net assets$9.6MLiabilities$0
Money in vs. money out
Total income / additions$2.6M
Total expenses$660.9K
Benefits paid / distributions$598.3K
Contributions
Employer$164.8K
Participant$995.3K
Full reported line items

Net assets

Total assets (EOY)
$9,588,757
Total liabilities (EOY)
$0
Net assets (EOY)
$9,588,757
Net assets (BOY)
$7,616,243

Income & contributions

Employer contributions
$164,807
Participant contributions
$995,315
Total contributions
$1,239,326
Total income / additions
$2,633,405

Expenses & distributions

Benefits paid
$598,281
Administrative expenses
$43,449
Total expenses
$660,891
Net increase / (decrease)
$1,972,514
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 14%Participant 86%
Total expenses ÷ net assets7%Computed ratio
Benefits paid ÷ total income23%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$23,613not reported in the loaded dataset2023
Empower Annuity Insurance Company ORECORDKEEPER$18,605$02023
Empower Advisory Group, LLCINVESTMENT MGMT$1,231not reported in the loaded dataset2023

Related Form 5500 pages