401(k) · DOL Form 5500 · 2022

True North Equipment Co. 401(k) Plan

Data updated 2026-08-25

$16M
Total assets Small plan by assets
183
Participants Below avg headcount
74th
Percentile by assets National rank
$88,163
Avg per participant Below avg balance/head
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Official DOL plan name: True North Equipment Co. 401(k) Profit Sharing Plan · Sponsored by True North Equipment Co. · North Dakota · Retail Trade

$16M in assets, 183 participants

True North Equipment Co.'s True North Equipment Co. 401(k) Profit Sharing Plan reported $16M in total assets and 183 participants in its 2022 DOL Form 5500 filing, ranking in the 74th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,983 in Retail Trade (9,519 peers)

Coverage in North Dakota

True North Equipment Co. 401(k) Profit Sharing Plan covers 183 participants in North Dakota, about 36% of the average North Dakota filer (state average ~504 per filing). Assets: $16M.

#7,983
in Retail Trade (9,519 peers)
-16.3%
assets change YoY

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

True North Equipment Co. 401(k) Profit Sharing Plan's outsized position by total assets

True North Equipment Co. 401(k) Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$16,133,756 Top 26% higher than 74% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

True North Equipment Co. 401(k) Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. True North Equipment Co. 401(k) Profit Sharing Plan sits mid-pack in the medium band (183 participants).

DOL schedule card

Filing strip 450330917 · True North Equipment Co. PY 2022 · 401(k)

True North Equipment Co. 401(k) Profit Sharing Plan · $16M · 183 · 74th

  • VS-ST $16M
  • BOY 183
  • SCH 74th
  • EBSA 401(k)
  • PART near Pretium 401(k) Plan
  • TYPE ind #7983

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Retail Trade retirement plans → · Plans in North Dakota →

True North Equipment Co. 401(k) Profit Sharing Plan in the asset neighbourhood

Texas-Lehigh Cement Company 401(k) PlanTexas-Lehigh Cement Company …$16MTrue North Equipment Co. 401(k) Profit Sharing PlanTrue North Equipment Co. 401…$16MPretium 401(k) Plan$16MHazen Paper Company Salary Investment 401(k) PlanHazen Paper Company Salary I…$16MRastelli Brothers, Inc. 401(k) Salary Reduction PlanRastelli Brothers, Inc. 401(…$16M
End-of-year total assets ($M) among True North Equipment Co. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

North Dakota filing particulars

Total Assets (Beginning of Year)$19M
Net Assets (End of Year)$16M
Net Income-$3M
Employer EIN450330917
Plan Effective Date1978-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (True North Equipment Co.)

Sponsor-wide plan assets over time

All True North Equipment Co. plans reported in each filing year

Latest sponsor-wide plan assets
$21M 31.010317746221027% vs 2022
2024 filing year
$14M$16M$18M$20M$22M 202220232024 $16.1M $21.1M ▲ +31.1%
Year Plans Participants Total Assets
2022 1 183 $16M
2023 1 180 $19M
2024 1 187 $21M

Nearby 401(k) Plans in North Dakota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

True North Equipment Co. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -10123 Total assets ($B) Participants True North Equipment Co. 401(k) Profit Sharing Plan, Total assets ($B): 0.016133756 · Participants: 183True North Equipment Co. 401(k) Profit Sharing PlanSanford Retirement Savings Plan, Total assets ($B): 2.448470251 · Participants: 30145Sanford Retirement Savings PlanMdu Resources Group, Inc. 401(k) Retirement Plan, Total assets ($B): 1.321268405 · Participants: 8525Mdu Resources Group, Inc. 401(k) Retirement PlanDakotas Areawide IBEW-NECA Savings and Retirement Plan, Total assets ($B): 0.446081759 · Participants: 3784Dakotas Areawide IBEW-NECA Savings and Retirement PlanEide Bailly LLP 401(k) Profit Sharing Plan, Total assets ($B): 0.410790544 · Participants: 2612Eide Bailly LLP 401(k) Profit Sharing PlanOffutt Companies 401(k) Savings Plan, Total assets ($B): 0.402778064 · Participants: 5088Offutt Companies 401(k) Savings Plan
True North Equipment Co. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants

True North Equipment Co. 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside North Dakota, the nearest 401(k) by assets is Pretium 401(k) Plan in NY ($16M); by covered participants it is Masy's Retirement Plan in MA (183 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($16M here).

Similar participant headcount

Nearest other-state filings by covered participants (183 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did True North Equipment Co. 401(k) Profit Sharing Plan assets move in 2022?
True North Equipment Co. 401(k) Profit Sharing Plan declined sharply - down 16.3% during 2022, from $19M to $16M. Reported net income was -$3M.
How have True North Equipment Co. plan assets changed over time?
Across 3 plan years on file (2022-2024), True North Equipment Co.'s sponsor-wide assets grew 31.0%, from $16M to $21M.
Which 401(k) plans are similar in size to True North Equipment Co. 401(k) Profit Sharing Plan?
Among 401(k) plans in other states, the closest by assets is Pretium 401(k) Plan in NY ($16M, 162 participants).
Which 401(k) plans cover a similar participant headcount to True North Equipment Co. 401(k) Profit Sharing Plan?
Among 401(k) plans in other states, the closest by covered participants is Masy's Retirement Plan in MA (183 participants, N/A in assets).