Cole'S Employee Stock Ownership Plan & Trust Agreement — Form 5500 plan (Coles Salon, 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, Cole'S Employee Stock Ownership Plan & Trust Agreement is a benefit plan reported by Coles Salon, Inc. under EIN 41-1424867 and plan number 002. The latest loaded filing year is 2023. The filing reports 251 participants and $7,614,682 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Coles Salon, Inc.
- EIN
- 41-1424867
- Plan number
- 002
- Plan type
- 2
- Location
- Burnsville, MN
- Latest filing year
- 2023
- Participants
- 251
- End-of-year plan assets
- $7,614,682
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 251 | H, C | 20241015124755NAL0028470481001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,614,682
- Total liabilities (EOY)
- $2,022
- Net assets (EOY)
- $7,612,660
- Net assets (BOY)
- $7,176,604
Income & contributions
- Employer contributions
- $110,000
- Total contributions
- $110,000
- Total income / additions
- $904,741
Expenses & distributions
- Benefits paid
- $429,792
- Administrative expenses
- $38,893
- Total expenses
- $468,685
- Net increase / (decrease)
- $436,056
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| John A. Knutson & Co., Pllp | NONE | $13,453 | $0 | 2023 |
| Alerus Financial, N.A. | NONE | $8,685 | $0 | 2023 |
| Value Consulting Group | NONE | $8,500 | $0 | 2023 |
| Alerus Investment Advisors, Inc. | NONE | $8,255 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Coles Salon, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MN
- 401(k) and benefit plan filings in Burnsville, MN
- John A. Knutson & Co., Pllp — Schedule C compensation
- Alerus Financial, N.A. — Schedule C compensation
- Value Consulting Group — Schedule C compensation
- Alerus Investment Advisors, Inc. — Schedule C compensation