Retirement plan

NORTHERN PLAINS DISTRIBUTING, INC. PROFIT SHARING PLAN

Name: NORTHERN PLAINS DISTRIBUTING, INC. - NORTHERN PLAINS DISTRIBUTING, INC. PROFIT SHARING PLAN (2022) Form 5500
Creator: NORTHERN PLAINS DISTRIBUTING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHERN PLAINS DISTRIBUTING, INC. PROFIT SHARING PLAN, NORTHERN PLAINS DISTRIBUTING, INC.

NORTHERN PLAINS DISTRIBUTING, INC.EIN 45-0332226Plan #001PY 2022

2308 MAIN AVE W - WEST FARGO, ND 58078701-293-6868northernplainsdistributing.comLinkedIn1-10 employeeswholesale

Prospect flagsLow returnsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$6.6M

-14.8% from 2021

Total participants

+16.1% from 2021

Average account balance

$220,005

-14.8% from 2021

Annual return

-21.35%

-39.10 pp from 2021

Benchmarks

See 9,164 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,164 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$10.35M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$383K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

103.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$593K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.82%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$3302

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes3D2E2F2G2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$142K

$4445 / participant

Other / not subdivided$142K100.0%

% of EOY assets

2.155%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$220,005

$81,870+168.7%

$119,608+83.9%

$68,495+221.2%

Participation rate

81.3%

71.9%+9.4pp

79.3%+2.0pp

67.9%+13.4pp

Annual return

-21.35%

-23.82%+2.5pp

-14.98%-6.4pp

-7.84%-13.5pp

Employer contribution / active EE

$14,267

$2,692+430.0%

$4,232+237.1%

$2,596+449.5%

Participant deferral / active EE

$5,266

$4,148+27.0%

$5,601-6.0%

$4,028+30.8%

Admin fee / account holder

$4,741

$6,583-28.0%

$10,326-54.1%

$5,403-12.3%

NORTHERN PLAINS DISTRIBUTING, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHERN PLAINS DISTRIBUTING, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion