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TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameTRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN
Plan identification number 001

TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

TRUE NORTH EQUIPMENT CO. has sponsored the creation of one or more 401k plans.

Company Name:TRUE NORTH EQUIPMENT CO.
Employer identification number (EIN):450330917
NAIC Classification:453990

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01RACHEL KMECIK2023-09-27 RACHEL KMECIK2023-09-27
0012021-01-01
0012020-01-01
0012019-01-01RACHEL KMECIK2020-09-22
0012018-01-01RACHEL KMECIK2019-10-08
0012017-01-01RACHEL KMECIK2018-09-06
0012016-01-01RACHEL KMECIK
0012015-01-01RACHEL KMECIK RACHEL KMECIK2016-07-12
0012014-01-012015-07-28
0012014-01-01RACHEL KMECIK RACHEL KMECIK2015-07-28
0012013-01-01RACHEL KMECIK2014-07-01 RACHEL KMECIK2014-07-01
0012012-01-01JOHN C. ONCKEN2013-07-30 JOHN C. ONCKEN2013-07-30
0012011-01-01JOHN ONCKEN2012-06-15
0012010-01-01JOHN ONCKEN
0012009-01-01RACHEL KMECIK

Plan Statistics for TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN

Measure Date Value
2022: TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01211
Total number of active participants reported on line 7a of the Form 55002022-01-01171
Number of retired or separated participants receiving benefits2022-01-014
Number of other retired or separated participants entitled to future benefits2022-01-0134
Total of all active and inactive participants2022-01-01209
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01209
Number of participants with account balances2022-01-01205
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-012
2021: TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01204
Total number of active participants reported on line 7a of the Form 55002021-01-01174
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0128
Total of all active and inactive participants2021-01-01202
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01202
Number of participants with account balances2021-01-01196
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-011
2020: TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01195
Total number of active participants reported on line 7a of the Form 55002020-01-01159
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0130
Total of all active and inactive participants2020-01-01189
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01189
Number of participants with account balances2020-01-01184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2016: TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0193
Total number of active participants reported on line 7a of the Form 55002016-01-0183
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0110
Total of all active and inactive participants2016-01-0193
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0193
Number of participants with account balances2016-01-0192
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01120
Total number of active participants reported on line 7a of the Form 55002015-01-0190
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0123
Total of all active and inactive participants2015-01-01113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01113
Number of participants with account balances2015-01-01107
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01122
Total number of active participants reported on line 7a of the Form 55002014-01-0196
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0124
Total of all active and inactive participants2014-01-01120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01120
Number of participants with account balances2014-01-01109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-014
2010: TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01118
Total number of active participants reported on line 7a of the Form 55002010-01-0194
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0118
Total of all active and inactive participants2010-01-01112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01112
Number of participants with account balances2010-01-01110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-012
2009: TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01107
Total number of active participants reported on line 7a of the Form 55002009-01-0199
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0119
Total of all active and inactive participants2009-01-01118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01118
Number of participants with account balances2009-01-01106
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-012

Financial Data on TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN

Measure Date Value
2022 : TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$12,629
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-1,660,411
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$1,490,867
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,446,369
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,666,923
Value of total assets at end of year2022-12-31$16,133,756
Value of total assets at beginning of year2022-12-31$19,272,405
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$44,498
Total interest from all sources2022-12-31$17,342
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$562,975
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$562,975
Administrative expenses professional fees incurred2022-12-31$24,998
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$1,033,290
Participant contributions at end of year2022-12-31$257,076
Participant contributions at beginning of year2022-12-31$294,614
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$109,188
Total non interest bearing cash at end of year2022-12-31$37,220
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-3,151,278
Value of net assets at end of year (total assets less liabilities)2022-12-31$16,121,127
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$19,272,405
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$19,500
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$15,111,463
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$18,439,796
Interest on participant loans2022-12-31$13,450
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$727,997
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$537,995
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$537,995
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$3,892
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-3,907,651
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$524,445
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,446,369
Liabilities. Value of benefit claims payable at end of year2022-12-31$12,629
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31BRADY MARTZ & ASSOCIATES, P.C.
Accountancy firm EIN2022-12-31450310328
2021 : TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$3,975,619
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$1,179,589
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,136,004
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,566,612
Value of total assets at end of year2021-12-31$19,272,405
Value of total assets at beginning of year2021-12-31$16,476,375
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$43,585
Total interest from all sources2021-12-31$13,615
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$996,567
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$996,567
Administrative expenses professional fees incurred2021-12-31$24,085
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$997,506
Participant contributions at end of year2021-12-31$294,614
Participant contributions at beginning of year2021-12-31$235,143
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$75,566
Total non interest bearing cash at beginning of year2021-12-31$72
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$2,796,030
Value of net assets at end of year (total assets less liabilities)2021-12-31$19,272,405
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$16,476,375
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$19,500
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$18,439,796
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$15,796,245
Interest on participant loans2021-12-31$13,156
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$537,995
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$444,915
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$444,915
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$459
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,398,825
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$493,540
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,136,004
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31BRADY MARTZ & ASSOCIATES, P.C.
Accountancy firm EIN2021-12-31450310328
2020 : TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$8,012
Total income from all sources (including contributions)2020-12-31$3,279,479
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$942,432
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$878,843
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,227,483
Value of total assets at end of year2020-12-31$16,476,375
Value of total assets at beginning of year2020-12-31$14,147,340
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$63,589
Total interest from all sources2020-12-31$17,183
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$633,351
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$633,351
Administrative expenses professional fees incurred2020-12-31$63,589
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$811,073
Participant contributions at end of year2020-12-31$235,143
Participant contributions at beginning of year2020-12-31$229,829
Other income not declared elsewhere2020-12-31$248
Liabilities. Value of operating payables at beginning of year2020-12-31$8,012
Total non interest bearing cash at end of year2020-12-31$72
Total non interest bearing cash at beginning of year2020-12-31$8,012
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$2,337,047
Value of net assets at end of year (total assets less liabilities)2020-12-31$16,476,375
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$14,139,328
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$15,796,245
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$13,341,741
Interest on participant loans2020-12-31$12,448
Interest earned on other investments2020-12-31$2,975
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$444,915
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$374,388
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$374,388
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$1,760
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$193,370
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,401,214
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$416,410
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$878,843
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31Yes
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31BRADY MARTZ & ASSOCIATES, P.C.
Accountancy firm EIN2020-12-31450310328
2016 : TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$393
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$2,276
Total income from all sources (including contributions)2016-12-31$1,092,498
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$1,004,237
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$983,139
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$594,729
Value of total assets at end of year2016-12-31$6,713,701
Value of total assets at beginning of year2016-12-31$6,627,323
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$21,098
Total interest from all sources2016-12-31$5,849
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$191,187
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$191,187
Administrative expenses professional fees incurred2016-12-31$687
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$366,456
Participant contributions at end of year2016-12-31$119,187
Participant contributions at beginning of year2016-12-31$151,672
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$34,137
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$393
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$2,276
Total non interest bearing cash at end of year2016-12-31$393
Total non interest bearing cash at beginning of year2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$88,261
Value of net assets at end of year (total assets less liabilities)2016-12-31$6,713,308
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$6,625,047
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$20,161
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$6,335,488
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$6,135,767
Interest on participant loans2016-12-31$5,657
Value of interest in common/collective trusts at end of year2016-12-31$0
Value of interest in common/collective trusts at beginning of year2016-12-31$339,884
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$258,633
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$192
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$299,151
Net investment gain or loss from common/collective trusts2016-12-31$1,582
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$194,136
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$983,139
Contract administrator fees2016-12-31$250
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31Yes
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31BRADY, MARTZ & ASSOCIATES, PC
Accountancy firm EIN2016-12-31450310328
2015 : TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$2,276
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$2,351
Total income from all sources (including contributions)2015-12-31$587,797
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$772,092
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$743,528
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$645,600
Value of total assets at end of year2015-12-31$6,627,323
Value of total assets at beginning of year2015-12-31$6,811,693
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$28,564
Total interest from all sources2015-12-31$7,080
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$287,276
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$287,276
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$355,456
Participant contributions at end of year2015-12-31$151,672
Participant contributions at beginning of year2015-12-31$151,394
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$82,207
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$2,276
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$2,351
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-184,295
Value of net assets at end of year (total assets less liabilities)2015-12-31$6,625,047
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$6,809,342
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$28,564
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$6,135,767
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$6,562,189
Interest on participant loans2015-12-31$7,080
Value of interest in common/collective trusts at end of year2015-12-31$339,884
Value of interest in common/collective trusts at beginning of year2015-12-31$98,110
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-352,159
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$207,937
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$743,528
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31BRADY, MARTZ & ASSOCIATES, P.C.
Accountancy firm EIN2015-12-31450310380
2014 : TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$2,351
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$1,245,745
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$250,974
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$221,770
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$828,852
Value of total assets at end of year2014-12-31$6,811,693
Value of total assets at beginning of year2014-12-31$5,814,571
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$29,204
Total interest from all sources2014-12-31$5,894
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$275,702
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$275,702
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$338,774
Participant contributions at end of year2014-12-31$151,394
Participant contributions at beginning of year2014-12-31$121,224
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$285,506
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$2,351
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$994,771
Value of net assets at end of year (total assets less liabilities)2014-12-31$6,809,342
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$5,814,571
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Investment advisory and management fees2014-12-31$29,204
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$6,562,189
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$5,594,770
Interest on participant loans2014-12-31$5,894
Value of interest in common/collective trusts at end of year2014-12-31$98,110
Value of interest in common/collective trusts at beginning of year2014-12-31$98,577
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$134,980
Net investment gain or loss from common/collective trusts2014-12-31$317
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$204,572
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$221,770
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31BRADY, MARTZ & ASSOCIATES, PC
Accountancy firm EIN2014-12-31450310328
2010 : TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$996,383
Expenses. Total of all expenses incurred2010-12-31$301,171
Benefits paid (including direct rollovers)2010-12-31$286,691
Total plan assets at end of year2010-12-31$3,833,062
Total plan assets at beginning of year2010-12-31$3,137,850
Value of fidelity bond covering the plan2010-12-31$202,000
Total contributions received or receivable from participants2010-12-31$303,041
Expenses. Other expenses not covered elsewhere2010-12-31$14,480
Contributions received from other sources (not participants or employers)2010-12-31$3,203
Other income received2010-12-31$507,876
Net income (gross income less expenses)2010-12-31$695,212
Net plan assets at end of year (total assets less liabilities)2010-12-31$3,833,062
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$3,137,850
Total contributions received or receivable from employer(s)2010-12-31$182,263
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN

2022: TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2016: TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedYes
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2010: TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: TRUE NORTH EQUIPMENT CO. 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number525175
Policy instance 1
Insurance contract or identification number525175
Number of Individuals Covered0
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No

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