Strata Corporation 401(K) — Form 5500 plan (Strata Corporation)
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, Strata Corporation 401(K) is a benefit plan reported by Strata Corporation under EIN 45-0276869 and plan number 001. The latest loaded filing year is 2023. The filing reports 902 participants and $54,130,299 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Strata Corporation
- EIN
- 45-0276869
- Plan number
- 001
- Plan type
- 2
- Location
- Grand Forks, ND
- Latest filing year
- 2023
- Participants
- 902
- End-of-year plan assets
- $54,130,299
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 902 | H, C | 20241014104305NAL0025950833001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $54,130,299
- Total liabilities (EOY)
- $15,259
- Net assets (EOY)
- $54,115,040
- Net assets (BOY)
- $50,100,900
Income & contributions
- Employer contributions
- $324,950
- Participant contributions
- $2,560,457
- Total contributions
- $2,908,166
- Total income / additions
- $10,459,856
Expenses & distributions
- Benefits paid
- $6,304,335
- Administrative expenses
- $141,381
- Total expenses
- $6,445,716
- Net increase / (decrease)
- $4,014,140
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Alerus Financial, N.A. | NONE | $132,785 | $0 | 2023 |
| Alerus Investment Advisors, Inc. | NONE | $8,596 | not reported in the loaded dataset | 2023 |