Plan Snapshot
- Plan Sponsor: Northern Tool & Equipment Company, INC.
- Sponsor EIN: 411405311
- Sponsor Address: 2800 SOUTHCROSS DRIVE, BURNSVILLE, MN, 55306
- Plan Type: 401(k)
- Total Participants: 2,630
- Total Assets: $104.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,630 | $104.0M | $2.4M | $7.8M |
| 2023 | 2,671 | $94.3M | $2.4M | $8.5M |
| 2022 | 3,219 | $85.6M | $386,718 | $1.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $168,593 | $10,403 | — | — | — |
| 2023 | $143,920 | $3,753 | — | — | — |
| 2022 | $4,539 | — | $4,539 | — | — |