401(k) · DOL Form 5500 · 2023

True North Equipment Co. 401(k) Plan

Data updated 2026-08-25

$19M
Total assets Small plan by assets
180
Participants Small participant base
72nd
Percentile by assets National rank
$104,792
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: True North Equipment Co. 401(k) Profit Sharing Plan · Sponsored by True North Equipment Co. · North Dakota · Retail Trade

$19M in assets, 180 participants

True North Equipment Co.'s True North Equipment Co. 401(k) Profit Sharing Plan reported $19M in total assets and 180 participants in its 2023 DOL Form 5500 filing, ranking in the 72nd 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.

  • #6,890 in Retail Trade (8,414 peers)

Coverage in North Dakota

True North Equipment Co. 401(k) Profit Sharing Plan covers 180 participants in North Dakota, about 36% of the average North Dakota filer (state average ~504 per filing). Assets: $19M.

#6,890
in Retail Trade (8,414 peers)
+16.9%
assets growth YoY

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 2023 · DOL Form 5500

$18,862,608 Top 28% higher than 72% of 127,068 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 2023

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

Plan-year 2023 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 (180 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • True North Equipment Co. 401(k) Profit Sharing Plan reported net income rose from -$3M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • True North Equipment Co. 401(k) Profit Sharing Plan end-of-year assets rose from $16M in the plan year 2022 filing to $19M in the plan year 2023 filing.
  • True North Equipment Co. 401(k) Profit Sharing Plan reported participants fell from 183 in the plan year 2022 filing to 180 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 450330917 · True North Equipment Co. PY 2023 · 401(k)

True North Equipment Co. 401(k) Profit Sharing Plan · $19M · 180 · 72nd

  • NET $19M
  • NET 180
  • NET 72nd
  • NET 401(k)
  • NET near Itw Bargaining Savings and Investment Plan
  • NET ind #6890

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

True North Equipment Co. 401(k) Profit Sharing PlanTrue North Equipment Co. 401…$19MItw Bargaining Savings and Investment PlanItw Bargaining Savings and I…$19MTrade Center Management Associates 401(k) PlanTrade Center Management Asso…$19MNearu 401(k) Plan$19MWoodhaven Lumber & Millwork, Inc. 401(k) Profit Sharing PlanWoodhaven Lumber & Millwork,…$19M
End-of-year total assets ($M) among True North Equipment Co. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Dakota filing particulars

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$19M
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 -101234 Total assets ($B) Participants True North Equipment Co. 401(k) Profit Sharing Plan, Total assets ($B): 0.018862608 · Participants: 180True North Equipment Co. 401(k) Profit Sharing PlanSanford Retirement Savings Plan, Total assets ($B): 3.110361496 · Participants: 30495Sanford Retirement Savings PlanMdu Resources Group, Inc. 401(k) Retirement Plan, Total assets ($B): 0.829880488 · Participants: 8551Mdu Resources Group, Inc. 401(k) Retirement PlanKnife River Corporation 401(k) Retirement Plan, Total assets ($B): 0.7412361 · Participants: 5269Knife River Corporation 401(k) Retirement PlanDakotas Areawide IBEW-NECA Savings and Retirement Plan, Total assets ($B): 0.521170291 · Participants: 3853Dakotas Areawide IBEW-NECA Savings and Retirement PlanEide Bailly LLP 401(k) Profit Sharing Plan, Total assets ($B): 0.512524705 · Participants: 2920Eide Bailly LLP 401(k) Profit Sharing Plan
True North Equipment Co. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants
Compare True North Equipment Co. 401(k) Profit Sharing Plan side-by-side with 3 peers →

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 Itw Bargaining Savings and Investment Plan in IL ($19M); by covered participants it is Hass-Anderson Construction Profit Sharing 401(k) Plan in TX (180 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($19M here).

Similar participant headcount

Nearest other-state filings by covered participants (180 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
True North Equipment Co. 401(k) Profit Sharing Plan grew sharply - up 16.9% during 2023, from $16M to $19M. 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 Itw Bargaining Savings and Investment Plan in IL ($19M, 368 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 Hass-Anderson Construction Profit Sharing 401(k) Plan in TX (180 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 450330917.

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.