Widseth, Smith, Nolting & Associates Employee Profit Sharing Plan — Form 5500 plan (Widseth Smith Nolting & Associates, 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, Widseth, Smith, Nolting & Associates Employee Profit Sharing Plan is a benefit plan reported by Widseth Smith Nolting & Associates, Inc. under EIN 41-1243629 and plan number 001. The latest loaded filing year is 2023. The filing reports 296 participants and $41,051,871 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$41.1MPlan net assets, end of year$41,051,871
Participants296Covered participants reported
Assets / participant$138.7KComputed: assets ÷ participants$138,689 (computed)
Provider compensation$83.4K2 Schedule C provider row(s)$83,393
- Plan sponsor
- Widseth Smith Nolting & Associates, Inc.
- EIN
- 41-1243629
- Plan number
- 001
- Plan type
- 2
- Location
- Crookston, MN
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 296 | H, C | 20250911112354NAL0000657696001 |
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)$41.1M total assets
Net assets$41.1MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $41,051,871
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $41,051,871
- Net assets (BOY)
- $35,361,280
Income & contributions
- Employer contributions
- $900,000
- Participant contributions
- $2,098,463
- Total contributions
- $3,901,382
- Total income / additions
- $10,831,908
Expenses & distributions
- Benefits paid
- $5,057,817
- Administrative expenses
- $83,388
- Total expenses
- $5,141,317
- Net increase / (decrease)
- $5,690,591
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $54,940 | $0 | 2023 |
| Sageview Advisory Group, LLC | INVESTMENT ADVISORY | $28,441 | $12 | 2023 |