Plan5500

Norwood Sales Inc Profit Sharing/401k Plan — Form 5500 plan (Norwood 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, Norwood Sales Inc Profit Sharing/401k Plan is a benefit plan reported by Norwood Sales, Inc. under EIN 45-0444903 and plan number 001. The latest loaded filing year is 2023. The filing reports 259 participants and $6,815,085 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Norwood Sales, Inc.
EIN
45-0444903
Plan number
001
Plan type
2
Location
Horace, ND
Latest filing year
2023
Participants
259
End-of-year plan assets
$6,815,085

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023259H, C20241007152859NAL0026564688001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$6,815,085
Total liabilities (EOY)
$0
Net assets (EOY)
$6,815,085
Net assets (BOY)
$5,185,975

Income & contributions

Employer contributions
$429,754
Participant contributions
$785,512
Total contributions
$1,220,294
Total income / additions
$2,043,825

Expenses & distributions

Benefits paid
$363,940
Administrative expenses
$50,775
Total expenses
$414,715
Net increase / (decrease)
$1,629,110

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Stancorp Financial GroupNONE$45,114not reported in the loaded dataset2023
First International Bank And TrustNONE$5,660not reported in the loaded dataset2023

Related Form 5500 pages