W. W. Wallwork, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (W. W. Wallwork, 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, W. W. Wallwork, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by W. W. Wallwork, Inc. under EIN 45-0394131 and plan number 002. The latest loaded filing year is 2023. The filing reports 601 participants and $48,077,928 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$48.1MPlan net assets, end of year$48,056,523
Participants601Covered participants reported
Assets / participant$80KComputed: assets ÷ participants$79,997 (computed)
Provider compensation$90.4K2 Schedule C provider row(s)$90,402
Plan sponsor
W. W. Wallwork, Inc.
EIN
45-0394131
Plan number
002
Plan type
2
Location
Fargo, ND
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023601H, C20241003091418NAL0005615747001
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)$48.1M total assets
Net assets$48.1MLiabilities$21.4K
Money in vs. money out
Total income / additions$11M
Total expenses$4.6M
Benefits paid / distributions$4.5M
Contributions
Employer$984.9K
Participant$3.2M
Full reported line items

Net assets

Total assets (EOY)
$48,077,928
Total liabilities (EOY)
$21,405
Net assets (EOY)
$48,056,523
Net assets (BOY)
$41,697,467

Income & contributions

Employer contributions
$984,942
Participant contributions
$3,191,151
Total contributions
$4,554,234
Total income / additions
$10,992,884

Expenses & distributions

Benefits paid
$4,543,426
Administrative expenses
$90,402
Total expenses
$4,633,828
Net increase / (decrease)
$6,359,056
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 24%Participant 76%
Total expenses ÷ net assets10%Computed ratio
Benefits paid ÷ total income41%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Alerus Financial, N.A.NONE$72,915$02023
Alerus Investment Advisors, Inc.NONE$17,487not reported in the loaded dataset2023

Related Form 5500 pages