Plan Snapshot
- Plan Sponsor: Norwood Sales, INC.
- Sponsor EIN: 450444903
- Sponsor Address: 11202 38TH STREET S, HORACE, ND, 58047
- Plan Type: 401(k)
- Total Participants: 138
- Total Assets: $8.1M
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 | 138 | $8.1M | $360,613 | $640,392 |
| 2023 | 159 | $6.8M | $429,754 | $785,512 |
| 2022 | 191 | $5.2M | $349,238 | $692,144 |
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 |
|---|---|---|---|---|
| EIDE BAILLY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY 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 | $51,530 | $21,104 | $30,426 | — | — |
| 2023 | $50,775 | $5,660 | $45,115 | — | — |
| 2022 | $39,984 | — | $39,984 | — | — |