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NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 401k Plan overview

Plan NameNORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN
Plan identification number 001

NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

NORTHWOODS HARDWARE HANK INC. has sponsored the creation of one or more 401k plans.

Company Name:NORTHWOODS HARDWARE HANK INC.
Employer identification number (EIN):465470163
NAIC Classification:444130
NAIC Description:Hardware Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01GARY LEE DAVIDSON
0012016-01-01GARY LEE DAVIDSON
0012015-01-01GARY LEE DAVIDSON
0012014-04-23GARY LEE DAVIDSON

Plan Statistics for NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN

401k plan membership statisitcs for NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN

Measure Date Value
2022: NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-019
Total number of active participants reported on line 7a of the Form 55002022-01-019
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-019
Number of participants with account balances2022-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-019
Total number of active participants reported on line 7a of the Form 55002021-01-019
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-019
Number of participants with account balances2021-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-017
Total number of active participants reported on line 7a of the Form 55002020-01-018
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-018
Number of participants with account balances2020-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-019
Total number of active participants reported on line 7a of the Form 55002019-01-019
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-019
Number of participants with account balances2019-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-019
Total number of active participants reported on line 7a of the Form 55002018-01-019
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-019
Number of participants with account balances2018-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-018
Total number of active participants reported on line 7a of the Form 55002017-01-019
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-019
Number of participants with account balances2017-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-017
Total number of active participants reported on line 7a of the Form 55002016-01-018
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-018
Number of participants with account balances2016-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-012
Total number of active participants reported on line 7a of the Form 55002015-01-016
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-016
Number of participants with account balances2015-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-04-232
Total number of active participants reported on line 7a of the Form 55002014-04-232
Number of retired or separated participants receiving benefits2014-04-230
Number of other retired or separated participants entitled to future benefits2014-04-230
Total of all active and inactive participants2014-04-232
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-04-230
Total participants2014-04-232
Number of participants with account balances2014-04-232
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-04-230

Financial Data on NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN

Measure Date Value
2022 : NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 2022 401k financial data
Total income from all sources2022-12-31$9,133
Expenses. Total of all expenses incurred2022-12-31$0
Total plan assets at end of year2022-12-31$732,052
Total plan assets at beginning of year2022-12-31$722,919
Value of fidelity bond covering the plan2022-12-31$30,000
Other income received2022-12-31$9,133
Net income (gross income less expenses)2022-12-31$9,133
Net plan assets at end of year (total assets less liabilities)2022-12-31$732,052
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$722,919
Assets. Value of employer securities2022-12-31$732,052
2021 : NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 2021 401k financial data
Total income from all sources2021-12-31$243,972
Expenses. Total of all expenses incurred2021-12-31$0
Total plan assets at end of year2021-12-31$722,919
Total plan assets at beginning of year2021-12-31$478,947
Value of fidelity bond covering the plan2021-12-31$30,000
Other income received2021-12-31$243,972
Net income (gross income less expenses)2021-12-31$243,972
Net plan assets at end of year (total assets less liabilities)2021-12-31$722,919
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$478,947
Assets. Value of employer securities2021-12-31$722,919
2020 : NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 2020 401k financial data
Total income from all sources2020-12-31$124,245
Expenses. Total of all expenses incurred2020-12-31$0
Total plan assets at end of year2020-12-31$478,947
Total plan assets at beginning of year2020-12-31$354,702
Value of fidelity bond covering the plan2020-12-31$250,000
Other income received2020-12-31$124,245
Net income (gross income less expenses)2020-12-31$124,245
Net plan assets at end of year (total assets less liabilities)2020-12-31$478,947
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$354,702
Assets. Value of employer securities2020-12-31$478,947
2019 : NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 2019 401k financial data
Total income from all sources2019-12-31$49,652
Expenses. Total of all expenses incurred2019-12-31$0
Total plan assets at end of year2019-12-31$354,702
Total plan assets at beginning of year2019-12-31$305,050
Value of fidelity bond covering the plan2019-12-31$30,000
Other income received2019-12-31$49,652
Net income (gross income less expenses)2019-12-31$49,652
Net plan assets at end of year (total assets less liabilities)2019-12-31$354,702
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$305,050
Assets. Value of employer securities2019-12-31$354,702
2018 : NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 2018 401k financial data
Total income from all sources2018-12-31$91,275
Total plan assets at end of year2018-12-31$305,050
Total plan assets at beginning of year2018-12-31$213,775
Value of fidelity bond covering the plan2018-12-31$20,000
Other income received2018-12-31$91,275
Net income (gross income less expenses)2018-12-31$91,275
Net plan assets at end of year (total assets less liabilities)2018-12-31$305,050
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$213,775
Assets. Value of employer securities2018-12-31$305,050
2017 : NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 2017 401k financial data
Total income from all sources2017-12-31$64,592
Expenses. Total of all expenses incurred2017-12-31$0
Benefits paid (including direct rollovers)2017-12-31$0
Total plan assets at end of year2017-12-31$213,775
Total plan assets at beginning of year2017-12-31$149,183
Value of fidelity bond covering the plan2017-12-31$20,000
Total contributions received or receivable from participants2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$64,592
Net income (gross income less expenses)2017-12-31$64,592
Net plan assets at end of year (total assets less liabilities)2017-12-31$213,775
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$149,183
Assets. Value of employer securities2017-12-31$213,775
Total contributions received or receivable from employer(s)2017-12-31$0
Value of certain deemed distributions of participant loans2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$0
2016 : NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 2016 401k financial data
Total income from all sources2016-12-31$-97,793
Expenses. Total of all expenses incurred2016-12-31$0
Benefits paid (including direct rollovers)2016-12-31$0
Total plan assets at end of year2016-12-31$149,183
Total plan assets at beginning of year2016-12-31$246,976
Value of fidelity bond covering the plan2016-12-31$20,000
Total contributions received or receivable from participants2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$-97,793
Net income (gross income less expenses)2016-12-31$-97,793
Net plan assets at end of year (total assets less liabilities)2016-12-31$149,183
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$246,976
Assets. Value of employer securities2016-12-31$149,183
Total contributions received or receivable from employer(s)2016-12-31$0
Value of certain deemed distributions of participant loans2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$0
2015 : NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 2015 401k financial data
Total income from all sources2015-12-31$46,976
Expenses. Total of all expenses incurred2015-12-31$0
Benefits paid (including direct rollovers)2015-12-31$0
Total plan assets at end of year2015-12-31$246,976
Total plan assets at beginning of year2015-12-31$200,000
Value of fidelity bond covering the plan2015-12-31$20,000
Total contributions received or receivable from participants2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$46,976
Net income (gross income less expenses)2015-12-31$46,976
Net plan assets at end of year (total assets less liabilities)2015-12-31$246,976
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$200,000
Assets. Value of employer securities2015-12-31$246,976
Total contributions received or receivable from employer(s)2015-12-31$0
Value of certain deemed distributions of participant loans2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$0
2014 : NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 2014 401k financial data
Total income from all sources2014-12-31$200,030
Expenses. Total of all expenses incurred2014-12-31$30
Total plan assets at end of year2014-12-31$200,000
Total plan assets at beginning of year2014-12-31$0
Expenses. Other expenses not covered elsewhere2014-12-31$30
Contributions received from other sources (not participants or employers)2014-12-31$229,999
Other income received2014-12-31$-29,969
Net income (gross income less expenses)2014-12-31$200,000
Net plan assets at end of year (total assets less liabilities)2014-12-31$200,000
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$0
Assets. Value of employer securities2014-12-31$200,000

Form 5500 Responses for NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN

2022: NORTHWOODS HARDWARE HANK INC. RETIREMENT 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: NORTHWOODS HARDWARE HANK INC. RETIREMENT 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: NORTHWOODS HARDWARE HANK INC. RETIREMENT 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 – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 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: NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: NORTHWOODS HARDWARE HANK INC. RETIREMENT PLAN 2014 form 5500 responses
2014-04-23Type of plan entitySingle employer plan
2014-04-23First time form 5500 has been submittedYes
2014-04-23This return/report is a short plan year return/report (less than 12 months)Yes
2014-04-23Plan funding arrangement – TrustYes
2014-04-23Plan benefit arrangement - TrustYes

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