401(k) · DOL Form 5500 · 2022

Northern Tool & Equipment Company, Inc. 401(k) Plan

Data updated 2026-08-25

$86M
Total assets Below avg plan size
2,544
Participants Above avg headcount
92nd
Percentile by assets National rank
$33,655
Avg per participant Low balance/head
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Official DOL plan name: Northern Tool & Equipment Company, Inc. 401(k) Plan · Sponsored by Northern Tool & Equipment Company, Inc. · Minnesota · Retail Trade

$86M in assets, 2,544 participants

Northern Tool & Equipment Company, Inc.'s Northern Tool & Equipment Company, Inc. 401(k) Plan reported $86M in total assets and 2,544 participants in its 2022 DOL Form 5500 filing, ranking in the 92nd 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.

  • #9,098 in Retail Trade (9,519 peers)

Coverage in Minnesota

Northern Tool & Equipment Company, Inc. 401(k) Plan covers 2,544 participants in Minnesota, 2.3x the typical Minnesota plan (state average ~1,126 per filing). Assets: $86M.

#9,098
in Retail Trade (9,519 peers)
-24.8%
assets change YoY
0.9×
vs typical plan assets (national mean)

The plan reported a net loss of $28M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Northern Tool & Equipment Company, Inc. 401(k) Plan's outsized position by total assets

Northern Tool & Equipment Company, Inc. 401(k) Plan vs every filed plan by assets

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

$85,618,818 Top 8% higher than 92% 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

Northern Tool & Equipment Company, Inc. 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Northern Tool & Equipment Company, Inc. 401(k) Plan lands in the large band (2,544 participants).

EBSA filing schedule strip

Filing strip 411405311 · Northern Tool & Equipment Company, Inc. PY 2022 · 401(k)

Northern Tool & Equipment Company, Inc. 401(k) Plan · $86M · 2,544 · 92nd

  • SCH $86M
  • EBSA 2,544
  • PART 92nd
  • TYPE 401(k)
  • NET near Oak Street Health, 401(k) Plan
  • BOOK ind #9098

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 Minnesota →

Northern Tool & Equipment Company, Inc. 401(k) Plan in the asset neighbourhood

Lake Regional Health System Employees' Retirement PlanLake Regional Health System …$86MBarracuda Networks 401(k) PlanBarracuda Networks 401(k) Pl…$86MNorthern Tool & Equipment Company, Inc. 401(k) PlanNorthern Tool & Equipment Co…$86MOak Street Health, 401(k) PlanOak Street Health, 401(k) Pl…$86MVon Maur 401(k) Retirement PlanVon Maur 401(k) Retirement P…$86M
End-of-year total assets ($M) among Northern Tool & Equipment Company, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$114M
Net Assets (End of Year)$86M
Net Income-$28M
Employer EIN411405311
Plan Effective Date1991-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Northern Tool & Equipment Company, Inc.)

Sponsor-wide plan assets over time

All Northern Tool & Equipment Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$104M 21.499233965131356% vs 2022
2024 filing year
$80M$90M$100M$110M 202220232024 $85.6M $104M ▲ +21.5%
Year Plans Participants Total Assets
2022 1 2,544 $86M
2023 1 3,255 $94M
2024 1 2,697 $104M

Nearby 401(k) Plans in Minnesota

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

Northern Tool & Equipment Company, Inc. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Northern Tool & Equipment Company, Inc. 401(k) Plan, Total assets ($B): 0.085618818 · Participants: 2544Northern Tool & Equipment Company, Inc. 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Target Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings Plan
Northern Tool & Equipment Company, Inc. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Northern Tool & Equipment Company, Inc. 401(k) Plan side-by-side with 3 peers →

Northern Tool & Equipment Company, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Oak Street Health, 401(k) Plan in IL ($86M); by covered participants it is Gannett Fleming, Inc. Tax Deferred 401(k) Savings Plan in PA (2,544 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($86M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,544 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 Northern Tool & Equipment Company, Inc. 401(k) Plan assets move in 2022? ▼
Northern Tool & Equipment Company, Inc. 401(k) Plan declined sharply - down 24.8% during 2022, from $114M to $86M. Reported net income was -$28M.
How have Northern Tool & Equipment Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Northern Tool & Equipment Company, Inc.'s sponsor-wide assets grew 21.5%, from $86M to $104M.
Where does Northern Tool & Equipment Company, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Northern Tool & Equipment Company, Inc. 401(k) Plan ranks in the 92nd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Northern Tool & Equipment Company, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Oak Street Health, 401(k) Plan in IL ($86M, 4,091 participants).
Which 401(k) plans cover a similar participant headcount to Northern Tool & Equipment Company, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Gannett Fleming, Inc. Tax Deferred 401(k) Savings Plan in PA (2,544 participants, $445M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 411405311.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.