Plan Snapshot
- Plan Sponsor: True North Equipment Co.
- Sponsor EIN: 450330917
- Sponsor Address: 4325 18TH AVENUE SOUTH, GRAND FORKS, ND, 58201
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 218
- Total Assets: $24.2M
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. |
|---|---|---|---|---|
| 2025 | 218 | $24.2M | $0 | $0 |
| 2024 | 185 | $21.1M | $636,774 | $1.2M |
| 2023 | 177 | $18.9M | $576,911 | $1.1M |
| 2022 | 171 | $16.1M | $524,445 | $1.0M |
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 |
|---|---|---|---|---|
| ALLIANCE PENSION CONSULTANTS, LLC | Recordkeeper | $27,704 | — | $27,704 |
| OAKSTREET WEALTH MANAGEMENT | Investment Advisor | $22,200 | — | $22,200 |
| CHARLES SCHWAB TRUST BANK | Custodian / Trustee | — | $6,034 | $6,034 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,938
- Estimated Expense Ratio: 0.231% of plan assets
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 |
|---|---|---|---|---|---|
| 2025 | $2,074,583 | $22,200 | — | — | — |
| 2024 | $49,458 | $20,520 | — | — | — |
| 2023 | $50,581 | $19,500 | — | — | — |
| 2022 | $44,498 | $19,500 | — | — | $24,998 |