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NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 401k Plan overview

Plan NameNORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST
Plan identification number 003

NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation
  • 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.
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

NORTHERN FACTORY SALES, INC. has sponsored the creation of one or more 401k plans.

Company Name:NORTHERN FACTORY SALES, INC.
Employer identification number (EIN):411571247
NAIC Classification:423100

Additional information about NORTHERN FACTORY SALES, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2016-02-01
Company Identification Number: 0802377487
Legal Registered Office Address: PO BOX 660

WILLMAR
United States of America (USA)
56201

More information about NORTHERN FACTORY SALES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-01-01
0032021-01-01
0032020-01-01
0032019-01-01
0032018-01-01JENI GAFKJEN
0032017-01-01JENI GAFKJEN
0032016-01-01JENI GAFKJEN
0032016-01-01 JENI GAFKJEN2017-07-26
0032015-01-01JENI GAFKJEN JENI GAFKJEN2016-06-09
0032015-01-01JENI GAFKJEN
0032014-07-01JENI GAFKJEN JENI GAFKJEN2015-07-09
0032014-07-01JENI GAFKJEN

Plan Statistics for NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

401k plan membership statisitcs for NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Measure Date Value
2022: NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2022 401k membership
Total participants, beginning-of-year2022-01-01110
Total number of active participants reported on line 7a of the Form 55002022-01-0176
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0129
Total of all active and inactive participants2022-01-01105
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01105
Number of participants with account balances2022-01-01105
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-014
2021: NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2021 401k membership
Total participants, beginning-of-year2021-01-01113
Total number of active participants reported on line 7a of the Form 55002021-01-0178
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0125
Total of all active and inactive participants2021-01-01103
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-01104
Number of participants with account balances2021-01-01104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-015
2020: NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2020 401k membership
Total participants, beginning-of-year2020-01-01111
Total number of active participants reported on line 7a of the Form 55002020-01-0185
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0122
Total of all active and inactive participants2020-01-01107
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-011
Total participants2020-01-01108
Number of participants with account balances2020-01-01108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-012
2019: NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2019 401k membership
Total participants, beginning-of-year2019-01-01110
Total number of active participants reported on line 7a of the Form 55002019-01-0187
Number of retired or separated participants receiving benefits2019-01-011
Number of other retired or separated participants entitled to future benefits2019-01-0118
Total of all active and inactive participants2019-01-01106
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01106
Number of participants with account balances2019-01-01106
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-013
2018: NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2018 401k membership
Total participants, beginning-of-year2018-01-01111
Total number of active participants reported on line 7a of the Form 55002018-01-0179
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0123
Total of all active and inactive participants2018-01-01102
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01102
Number of participants with account balances2018-01-01102
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-016
2017: NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2017 401k membership
Total participants, beginning-of-year2017-01-01103
Total number of active participants reported on line 7a of the Form 55002017-01-0196
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0112
Total of all active and inactive participants2017-01-01108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-011
Total participants2017-01-01109
Number of participants with account balances2017-01-01109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-011
2016: NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2016 401k membership
Total participants, beginning-of-year2016-01-0195
Total number of active participants reported on line 7a of the Form 55002016-01-0189
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-019
Total of all active and inactive participants2016-01-0198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0198
Number of participants with account balances2016-01-0198
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-012
2015: NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2015 401k membership
Total participants, beginning-of-year2015-01-0189
Total number of active participants reported on line 7a of the Form 55002015-01-0184
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-015
Total of all active and inactive participants2015-01-0189
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0189
Number of participants with account balances2015-01-0189
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-013
2014: NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2014 401k membership
Total participants, beginning-of-year2014-07-0196
Total number of active participants reported on line 7a of the Form 55002014-07-0183
Number of retired or separated participants receiving benefits2014-07-010
Number of other retired or separated participants entitled to future benefits2014-07-010
Total of all active and inactive participants2014-07-0183
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-07-010
Total participants2014-07-0183
Number of participants with account balances2014-07-0183
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-07-010

Financial Data on NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Measure Date Value
2022 : NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2022 401k financial data
Total plan liabilities at end of year2022-12-31$388,763
Total plan liabilities at beginning of year2022-12-31$401,369
Total income from all sources2022-12-31$9,971,365
Expenses. Total of all expenses incurred2022-12-31$422,825
Benefits paid (including direct rollovers)2022-12-31$397,062
Total plan assets at end of year2022-12-31$76,652,519
Total plan assets at beginning of year2022-12-31$67,116,585
Value of fidelity bond covering the plan2022-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2022-12-31$12,844
Other income received2022-12-31$9,945,915
Net income (gross income less expenses)2022-12-31$9,548,540
Net plan assets at end of year (total assets less liabilities)2022-12-31$76,263,756
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$66,715,216
Assets. Value of employer securities2022-12-31$75,050,000
Total contributions received or receivable from employer(s)2022-12-31$25,450
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$12,919
2021 : NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2021 401k financial data
Total plan liabilities at end of year2021-12-31$401,369
Total plan liabilities at beginning of year2021-12-31$413,974
Total income from all sources2021-12-31$15,131,376
Expenses. Total of all expenses incurred2021-12-31$654,210
Benefits paid (including direct rollovers)2021-12-31$631,062
Total plan assets at end of year2021-12-31$67,116,585
Total plan assets at beginning of year2021-12-31$52,652,024
Value of fidelity bond covering the plan2021-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2021-12-31$12,844
Other income received2021-12-31$14,383,415
Net income (gross income less expenses)2021-12-31$14,477,166
Net plan assets at end of year (total assets less liabilities)2021-12-31$66,715,216
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$52,238,050
Assets. Value of employer securities2021-12-31$65,080,000
Total contributions received or receivable from employer(s)2021-12-31$747,961
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$10,304
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2020 401k financial data
Total plan liabilities at end of year2020-12-31$413,974
Total plan liabilities at beginning of year2020-12-31$426,166
Total income from all sources2020-12-31$6,866,947
Expenses. Total of all expenses incurred2020-12-31$342,004
Benefits paid (including direct rollovers)2020-12-31$320,878
Total plan assets at end of year2020-12-31$52,652,024
Total plan assets at beginning of year2020-12-31$46,139,273
Value of fidelity bond covering the plan2020-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2020-12-31$21,126
Other income received2020-12-31$6,047,424
Net income (gross income less expenses)2020-12-31$6,524,943
Net plan assets at end of year (total assets less liabilities)2020-12-31$52,238,050
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$45,713,107
Assets. Value of employer securities2020-12-31$51,280,000
Total contributions received or receivable from employer(s)2020-12-31$819,523
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2019 401k financial data
Total plan liabilities at end of year2019-12-31$426,166
Total plan liabilities at beginning of year2019-12-31$438,025
Total income from all sources2019-12-31$11,430,118
Expenses. Total of all expenses incurred2019-12-31$131,167
Benefits paid (including direct rollovers)2019-12-31$114,555
Total plan assets at end of year2019-12-31$46,139,273
Total plan assets at beginning of year2019-12-31$34,852,181
Value of fidelity bond covering the plan2019-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2019-12-31$16,612
Other income received2019-12-31$11,001,344
Net income (gross income less expenses)2019-12-31$11,298,951
Net plan assets at end of year (total assets less liabilities)2019-12-31$45,713,107
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$34,414,156
Assets. Value of employer securities2019-12-31$45,250,000
Total contributions received or receivable from employer(s)2019-12-31$428,774
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2018 401k financial data
Total plan liabilities at end of year2018-12-31$438,025
Total plan liabilities at beginning of year2018-12-31$449,528
Total income from all sources2018-12-31$9,808,767
Expenses. Total of all expenses incurred2018-12-31$61,065
Benefits paid (including direct rollovers)2018-12-31$44,363
Total plan assets at end of year2018-12-31$34,852,181
Total plan assets at beginning of year2018-12-31$25,115,982
Value of fidelity bond covering the plan2018-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2018-12-31$16,702
Other income received2018-12-31$9,232,361
Net income (gross income less expenses)2018-12-31$9,747,702
Net plan assets at end of year (total assets less liabilities)2018-12-31$34,414,156
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$24,666,454
Assets. Value of employer securities2018-12-31$34,300,000
Total contributions received or receivable from employer(s)2018-12-31$576,406
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2017 401k financial data
Total plan liabilities at end of year2017-12-31$449,528
Total plan liabilities at beginning of year2017-12-31$460,684
Total income from all sources2017-12-31$10,945,594
Expenses. Total of all expenses incurred2017-12-31$14,293
Total plan assets at end of year2017-12-31$25,115,982
Total plan assets at beginning of year2017-12-31$14,195,837
Value of fidelity bond covering the plan2017-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2017-12-31$14,293
Other income received2017-12-31$10,881,137
Net income (gross income less expenses)2017-12-31$10,931,301
Net plan assets at end of year (total assets less liabilities)2017-12-31$24,666,454
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$13,735,153
Assets. Value of employer securities2017-12-31$25,030,000
Total contributions received or receivable from employer(s)2017-12-31$64,457
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2016 401k financial data
Total plan liabilities at end of year2016-12-31$460,684
Total plan liabilities at beginning of year2016-12-31$471,466
Total income from all sources2016-12-31$756,837
Expenses. Total of all expenses incurred2016-12-31$0
Total plan assets at end of year2016-12-31$1,921,521
Total plan assets at beginning of year2016-12-31$1,175,466
Value of fidelity bond covering the plan2016-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2016-12-31$14,667
Other income received2016-12-31$700,218
Net income (gross income less expenses)2016-12-31$756,837
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,460,837
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$704,000
Assets. Value of employer securities2016-12-31$1,875,684
Total contributions received or receivable from employer(s)2016-12-31$56,619
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2015 401k financial data
Total plan liabilities at end of year2015-12-31$471,466
Total plan liabilities at beginning of year2015-12-31$482,838
Total income from all sources2015-12-31$559,333
Expenses. Total of all expenses incurred2015-12-31$0
Total plan assets at end of year2015-12-31$1,175,466
Total plan assets at beginning of year2015-12-31$627,505
Value of fidelity bond covering the plan2015-12-31$500,000
Expenses. Other expenses not covered elsewhere2015-12-31$14,077
Other income received2015-12-31$547,961
Net income (gross income less expenses)2015-12-31$559,333
Net plan assets at end of year (total assets less liabilities)2015-12-31$704,000
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$144,667
Assets. Value of employer securities2015-12-31$1,175,466
Total contributions received or receivable from employer(s)2015-12-31$11,372
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2014 401k financial data
Total plan liabilities at end of year2014-12-31$482,838
Total plan liabilities at beginning of year2014-12-31$500,000
Total income from all sources2014-12-31$144,667
Expenses. Total of all expenses incurred2014-12-31$0
Total plan assets at end of year2014-12-31$627,505
Total plan assets at beginning of year2014-12-31$500,000
Value of fidelity bond covering the plan2014-12-31$500,000
Expenses. Other expenses not covered elsewhere2014-12-31$8,287
Other income received2014-12-31$127,505
Net income (gross income less expenses)2014-12-31$144,667
Net plan assets at end of year (total assets less liabilities)2014-12-31$144,667
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$0
Assets. Value of employer securities2014-12-31$627,505
Total contributions received or receivable from employer(s)2014-12-31$17,162
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0

Form 5500 Responses for NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

2022: NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 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: NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 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: NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 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 – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedYes
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: NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 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: NORTHERN FACTORY SALES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2014 form 5500 responses
2014-07-01Type of plan entitySingle employer plan
2014-07-01First time form 5500 has been submittedYes
2014-07-01Submission has been amendedYes
2014-07-01This submission is the final filingNo
2014-07-01This return/report is a short plan year return/report (less than 12 months)Yes
2014-07-01Plan is a collectively bargained planNo
2014-07-01Plan funding arrangement – TrustYes
2014-07-01Plan benefit arrangement - TrustYes

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