Black Gold Potato Sales, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Black Gold Potato Sales, 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, Black Gold Potato Sales, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Black Gold Potato Sales, Inc. under EIN 45-0388340 and plan number 001. The latest loaded filing year is 2023. The filing reports 706 participants and $12,122,485 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$12MPlan net assets, end of year$11,996,468
Participants706Covered participants reported
Assets / participant$17.2KComputed: assets ÷ participants$17,171 (computed)
Provider compensation$24.1K2 Schedule C provider row(s)$24,055
- Plan sponsor
- Black Gold Potato Sales, Inc.
- EIN
- 45-0388340
- Plan number
- 001
- Plan type
- 2
- Location
- Grand Forks, ND
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 706 | H, C | 20240809095003NAL0006210657001 |
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)$12.1M total assets
Net assets$12MLiabilities$126K
Full reported line items
Net assets
- Total assets (EOY)
- $12,122,485
- Total liabilities (EOY)
- $126,017
- Net assets (EOY)
- $11,996,468
- Net assets (BOY)
- $9,783,453
Income & contributions
- Employer contributions
- $176,145
- Participant contributions
- $537,841
- Total contributions
- $1,093,925
- Total income / additions
- $2,797,515
Expenses & distributions
- Benefits paid
- $512,960
- Administrative expenses
- $24,055
- Total expenses
- $584,500
- Net increase / (decrease)
- $2,213,015
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.
25%75%
Employer 25%Participant 75%
Total expenses ÷ net assets5%Computed ratio
Benefits paid ÷ total income18%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Bremer Bank National Association | TRUSTEE | $24,055 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $0 | $0 | 2023 |